August 27, 2021
Taipei-headquartered XREX has named a managing director in Singapore as it sets its sights on expanding its platform in the region.
XREX Inc. announced that Christopher Chye has joined the company as Managing Director of XREX Singapore and Director of Product of XREX Inc. In this dual role, Chye will oversee XREX’s businesses and operations in Singapore and play an instrumental role in bringing new value propositions to XREX’s clients.
The accomplished former banking executive undertakes a dual role to expand XREX’s global footprint and optimize product offering for clients.
Founded in 2018, XREX is a crypto-fiat fintech company with the mission of driving financial inclusion in emerging markets by leveraging blockchain technology.
XREX is supported by a consortium of global investors comprising publicly-listed companies, major banks, venture capital firms, and top fintech investors from the US, Singapore, Hong Kong, Japan, Canada, Germany, Estonia, and Taiwan. Strong participation by publicly listed companies underscores XREX’s commitment to ensure compliance with regulatory bodies.
“Christopher’s rich experience and deep knowledge in compliance and ability to work closely with local regulators add immeasurable value to XREX and its customers,” said Winston Hsiao, Chief Revenue Officer and XREX co-founder. “Singapore has a mature and clear regulator framework for the digital currency industry; XREX is looking forward to working with Christopher to expand our services in Singapore and beyond.”
Prior to XREX, Chye was an executive director at Standard Chartered Bank where he amassed a breadth of banking experience across a broad range of businesses and functions including commercial banking, consumer banking, wealth management and financial crime compliance. He was a pioneer member of Standard Chartered’s digital bank venture in Singapore, where he led the Bancassurance, Rewards & Loyalty, and Brand & Marketing pillars.
Before joining Standard Chartered, Chye was a management consultant with KPMG and worked closely with top-tier financial institutions in the areas of lean process re-engineering, regulatory compliance, and IT assurance.
When asked about his views on the road ahead, Chye adds, “We’re going to be perfectly poised between pleasure and pain for a while, but I’m confident that when we pull through, we’ll look back on today as a watershed moment in history, and we’ll be glad we got to be a part of it.”
Photo courtesy XREX