Ex-Government Leader to Drive Cryptocurrency Firm’s Growth
SINGAPORE – Cryptocurrency platform Crypto.com, which recently secured in-principle approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, has named Mr. Chin Tah Ang as General Manager of its Singapore headquarters. The announcement was made via a press release on Thursday (Aug 18).
Experienced Leadership
Mr. Ang previously headed Digital Industry Singapore (DISG), a collaborative initiative among the Economic Development Board (EDB), Enterprise Singapore, and the Infocomm Media Development Authority. DISG focused on fostering a robust technology ecosystem by attracting global tech leaders, promoting local enterprises, and nurturing talent in Singapore.
Before leading DISG, Mr. Ang held various roles at EDB, where he spearheaded strategic and policy engagements across international markets. Crypto.com highlighted his deep expertise in the Singaporean market and his extensive background in strategic business development within the technology sector.
Driving Innovation and Growth
Kris Marszalek, co-founder and CEO of Crypto.com, praised Mr. Ang’s leadership and expertise, stating that his role will strengthen the company’s presence in Singapore, a vital market for the firm’s future.
In his new position, Mr. Ang aims to collaborate with both public and private stakeholders to tackle key industry challenges, foster responsible innovation in digital assets, and ensure the sustainable expansion of Web3 technologies in Singapore.
Web3, often considered the next phase of the internet, envisions a decentralised framework powered by blockchain technology, which underpins cryptocurrencies and related platforms.
Crypto.com’s Global Momentum
Crypto.com, which serves 50 million customers worldwide, has rapidly expanded its global footprint. Earlier this year, it was among three firms to receive MAS’s in-principle approval for a payment licence.
In addition to regulatory milestones, the company has made significant investments in sports partnerships. These include becoming an exclusive sponsor of the FIFA World Cup in Qatar and forming agreements with Formula 1 and leading mixed martial arts organisations.
Founded in 2016, Crypto.com has also secured naming rights to the Staples Centre, home to the Los Angeles Lakers, in a landmark 20-year deal reportedly worth over US$700 million (S$967 million).
