Tokenize Xchange, a leading digital asset exchange based in Singapore, has announced the appointment of Carney Mak as its new Chief Strategy Officer. This significant leadership addition occurs at a pivotal moment for the company, which has recently secured an additional US$11.5 million in Series A Phase 2 funding, bringing the total to an impressive US$23 million.
Mak, an experienced figure in the fintech and cryptocurrency sectors, joins Tokenize Xchange with a strong track record in banking and payments. His expertise is expected to be instrumental in propelling the company’s ambitious growth initiatives. According to Hong Qi Yu, Founder and CEO of Tokenize Xchange, Mak’s strategic vision and deep industry knowledge are precisely what the company needs to navigate the evolving landscape of digital assets in Southeast Asia.
Prior to joining Tokenize Xchange, Mak led fintech and cryptocurrency ventures at FXHB Asset Management. He expressed his enthusiasm for the new role, likening it to “catching a rocket mid-flight.” He highlighted the company’s recent funding success and its commitment to regulatory excellence as key factors that create a perfect launchpad for innovation. Mak is eager to shape the future of digital asset trading in the region.
Tokenize Xchange’s expansion plans include growing its Singapore team and enhancing compliance and operational frameworks. This strategy underscores the company’s commitment to fostering trust and transparency in the digital asset ecosystem, a crucial focus given the recent challenges faced by the sector. The company’s proactive regulatory approach sets it apart in a rapidly changing landscape. Operating under an exemption from the Monetary Authority of Singapore and having received approval from the Securities Commission Malaysia, Tokenize Xchange is the second-largest digital asset exchange in Malaysia. The company is actively seeking similar licenses in other Southeast Asian jurisdictions, further demonstrating its dedication to regulatory excellence.
Mak’s role will be vital in leveraging Tokenize Xchange’s strengths, spearheading strategic initiatives across the Asia-Pacific region while ensuring adherence to the company’s regulatory commitments. He believes that the digital asset space is at a critical inflection point, and Tokenize Xchange is well-positioned to not only participate in this new era but to define it.
Tokenize Xchange has established itself as a regional leader in digital asset trading, with a strong presence across Southeast Asia. The company’s focus on regulatory compliance and innovation continues to set new benchmarks for secure, transparent, and compliant digital asset trading in the region.
For more information, visit https://tokenize.exchange/
