SGX-listed OIO Holdings Names Rudy Lim As CEO Of Its Blockchain Subsidiary

OIO Holdings Restricted (SGX: OIO) introduced the appointment
of Rudy Lim, former Head of FinTech at DBS Financial institution, as Chief
Govt Officer (CEO) of its Blockchain Division, OIO
Singapore Pte Ltd. The appointment of Rudy, a FinTech
skilled, is predicted to additional speed up OIO’s blockchain
enterprise.

Rudy has been a vocal advocate of the
challenges conventional banks are going through and the necessity for
important transformation because the digital economic system emerges.
Pushed by this foresight, he led Fintech innovation initiatives
throughout varied departments at DBS reminiscent of analytics, market
analysis, and partnerships, which aligned with establishing
a number one financial institution in Southeast Asia, and he performed an lively
function throughout the Fintech ecosystem.

Because the Head of
FinTech at DBS, Rudy launched “Startup Xchange” to
facilitate startups in co-creating options to DBS enterprise
challenges, enabling them to match and value-add the financial institution
and in addition its potential company shoppers. Since its pilot in
2018, Startup Xchange has efficiently carried out over 40
proofs-of-concept with startups throughout the financial institution and
efficiently rolled-out greater than 20 rising know-how
options.

Previous to his profession at DBS, Rudy was a component
of the enterprise funding and enterprise innovation crew at
Singapore Press Holdings (SPH), the place he was concerned in
supporting startups from conceptualization to funding their
enterprise fashions.

Rudy emphasizes his causes
for becoming a member of OIO as follows:

• Singapore
  has the most effective enterprise surroundings for blockchain enterprise,
  with a bunch of Singaporean authorities companies launching a
  new analysis program for blockchain know-how within the second
  half of 2020 with a funding of S$12 million.
• 2021 is
  a yr of nice progress in blockchain know-how and that
  the expansion of the blockchain and crypto-asset market will
  start from right here.
• As one of many first listed
  blockchain corporations in Singapore, OIO is able to
  take full benefit of the market surroundings.
• OIO
  has formally introduced that it has entered into
  negotiations to amass Moonstake, one of many largest
  staking suppliers in Asia.

Proposed Acquisition
of the Complete Share Capital in Moonstake Pte. Ltd. &
Moonstake Restricted

Moonstake’s crypto asset transaction
worth exceeds USD200M as of January 19, 2021, making it the
sixteenth largest staking pool out of 1692 suppliers in accordance with
Staking Rewards, a staking rating website.

With the
addition of Rudy to the crew, OIO is seeking to develop its
enterprise into the funding and incubation space and can
actively purchase main blockchain companies reminiscent of
Moonstake.

CEO Rudy’s feedback, “I’m very
honored to be appointed as CEO of OIO Singapore Pte Ltd, a
nice firm with gifted folks and nice potential.
Primarily based on this sturdy basis, we wish to proceed
to facilitate product efficiency and innovation, whereas we
intention to be a trusted associate to our prospects in in the present day’s
quickly altering surroundings.

“So as
to take action, OIO should proceed to innovate and lead our
prospects on their transformation journey. Blockchain and
innovation are the 2 main driving forces for our
prospects’ transformation, and we have to concentrate on them
throughout the entire firm. My aim is to make sure that we absolutely
commit ourselves to our prospects, workers and
stakeholders by sturdy values, main innovation and
ardour.”

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