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Singapore-based Digital Treasures Center (DTC) has appointed Kanny Lee as its Group Chief Executive Officer (CEO) as of 1 January 2023 to lead its global business, according to an announcement shared with Blockhead.
As Group CEO, Lee will be responsible for driving DTC's global growth and spearheading the company's push to disrupt the payment industry with the use of digital assets and blockchain technology, and lead DTC in its vision to become a leading web3 payments firm.
Lee joins DTC from OSL, an institutional digital asset brokerage, where he played a key role in its overseas expansion, including launching OSL's Singapore business in 2019. Previously, he was chief of staff at Hong Kong's BC Group, focusing on its portfolio of digital asset businesses.
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He brings over 18 years of experience in the financial services industry, where he delivered consulting services at various banks and financial institutions across Asia as an associate partner at EY Singapore and as head of fraud prevention at Credit Bureau, Transunion Hong Kong.
“There is enormous potential for value transfers in Web3 to grow and transform itself from being a speculative asset, into one where it disrupts multiple industries. Using blockchain technology, transaction fees for value transfers are economical with efficient settlement, especially for cross-border payments,'' Lee said in the statement.
MPI License
In August 2022, DTC won a Major Payment Institution (MPI) licence in Singapore, allowing the homegrown firm to provide services including account issuance, merchant acquisition, domestic and cross-border money transfer, e-money issuance and digital payment tokens.
Co-founder and chief executive officer Alice Liu said the company wants to expand its footprint globally, starting with its regional neighbours in Southeast Asia.
