Kelvin Chia has been appointed as CEO. Before this appointment, Chia held management roles in capital markets technology firms. Most recently, he was a Managing Consultant at QST in Asia and General Manager of CQG in China.
"The Monetary Authority of Singapore (MAS) 's stance on providing a comprehensive framework for regulating the digital assets industry in Singapore has further instilled confidence for companies operating in the digital asset industry establishing their footprints here, especially those in STO exchanges, digital custody and OTC trading firms," Chia says.
"Aquariux aspires to be an integral part of this digital economy, and we want to bridge traditional financial technology with web3 based solutions.
"We strongly believe that the modern digitalisation effect will accelerate in the next 3 years and migration to web3-based solutions for financial institutions will become common practice thereafter. Aquariux is positioned to best support this migration of traditional technology applications to web3."
Incorporated in October 2020 and with Chia's appointment, Aquariux secured an SGD $3 million pre-seed investment led by private investors. With the funding, Aquariux is looking to expand their current team of over 30 employees both locally and abroad.
In addition to the solutions and services they provide in the capital markets technology field, Aquariux is also developing software projects in digital payments, digital remittance and regulatory technology (RegTech).