Malta Digital Exchange, a security token platform, has hired a former technology executive at the Danish FX broker to join as non-executive director of MDX’s board of directors. Chris Truce is joining the Malta-based crypto exchange, which is set to launch next month, after a more than 12-year tenure with Saxo.
Truce has been a mainstay with Saxo for the past decade, working in multiple roles, including as director of platform development, head of B2B/API business and head of institutional sales in North America. He most recently served with forex bank as Global Head of Fintech, tasked with developing Saxo’s OpenAPI, which allows developers to build tailor-made apps on Saxo’s infrastructure.
During his time, which dates back to 2007, he helped Saxo’s institutional clients to integrate the company’s trading and investing capabilities into their own applications and systems.
Chris has over 15-years’ experience in the financial services industry, specialising in digital business transformation. Prior to his foray into the FX space, he held several sales positions in both Australian and international investment banks, such as, ING Bank, Macquarie Bank and ANZ.
Malta Digital Exchange aims to launch an institutional-grade security token exchange, which will be applying for a licence from the Malta Financial Services Authority. The venture, which will capitalize its regulatory approval, aims to create a way for companies to tokenize equity and issue it on a blockchain without running afoul of regulatory obligations.
Crypto poaches more talents
Truce is not the first fintech veteran a crypto startup has poached to reinforce its offering and get advice on investment opportunities. Last month, JPMorgan longtime executive director joined the San Francisco Coinbase to take on a key role within its Institutional Coverage Department.
Coinbase already announced for its newly opened New York office and is also building teams in Chicago and .
“We are very privileged and fortunate to have someone of Chris’s skills and experience join the board of Malta Digital Exchange. Chris’s extensive experience in financial services, coupled with his in depth knowledge and understanding of the Fintech space will help drive MDX to the forefront of security token exchanges globally,” MDX said in a statement.
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