• Seasoned finance executive Derek To joins Aquanow as Head of Asia-Pacific (APAC)

• To will shape Aquanow’s technology, vision and strategy with respect to work in APAC, where there is significant positivity for cryptocurrencies

• His addition comes as Hong Kong looks to establish itself as a global cryptocurrency hub and Aquanow aims to expand in the region

VANCOUVER, British Columbia, October 26, 2023–(BUSINESS WIRE)–Aquanow, a leading digital assets infrastructure provider, today announced that Derek To has joined the company as head of Asia-Pacific and will lead the company’s efforts to expand work in the region.

To joins Aquanow with nearly a decade and a half of executive experience in the financial services industry, having served as Head of Global Fixed Income Credit Sales at China International Capital Corporation (CICC). In addition, To previously held various roles at prominent global financial institutions including HSBC, UBS, National Australia Bank, and Crédit Agricole CIB. To will focus on all APAC countries in order to shape Aquanow’s technology, vision and strategy with respect to work in Asia, where there is significant positivity and growth potential for cryptocurrency-focused businesses.

“Derek is an asset to our team at Aquanow, and we are thrilled to have him join us to lead our efforts as we expand efforts into Asia,” said Aquanow CEO Phil Sham. “His background, including work at traditional financial institutions, positions Derek exceptionally well to help us enable more efficient and accelerated crypto market adoption.”

Aquanow is already operating in over 50 countries serving more than 300 institutional clients, and APAC represents significant market opportunity for institutional crypto adoption.

To’s hiring comes amid Hong Kong’s push to establish itself as an emerging global cryptocurrency hub, fostering innovation and growth in the digital assets space. As the government works to establish clear guidelines and regulatory measures for cryptocurrency trading, Aquanow is examining the opportunity to work in Hong Kong.

Story continues

Just last month, Singapore hosted Token2049, a premiere crypto conference that saw record-setting attendance of over 10,000 people despite the bear market, indicating the success potential for crypto in Asia. Aquanow’s executive team – including Phil Sham (CEO), Andy Leung (CTO), and Michael Kwok (Head of Corporate Development), as well as Derek To – attended the conference and the company co-hosted a kick-off event with Amazon Web Services and Blockchain Founders Fund.

“Despite the bear market, Aquanow continues to focus on global growth initiatives, with Asia representing a significant opportunity,” To said. “I’m thrilled to be part of the company that is reshaping the way we use digital assets in APAC countries.”

In June, Aquanow was awarded initial approval by Dubai’s Virtual Assets Regulatory Authority (VARA), an indication of the company’s rapid expansion in the Middle East. The company has also been recognized at CrossTech World as recipient of the Digital Innovation Award for 2022.

To learn more about Aquanow, please visit https://www.aquanow.io.

About Aquanow

Aquanow is a leading digital assets infrastructure provider enabling crypto financial services for institutional clients. Each month, billions of dollar value pass through the company’s platform, facilitating a broad range of use cases. Aquanow serves an international customer base that includes the world’s fastest-growing banks, neobanks, brokerages, and payment companies. Established in 2018 and headquartered in Canada, Aquanow currently has 100+ team members. To learn more about Aquanow, please go to https://www.aquanow.io.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231026798220/en/

Contacts

Aquanow
Chris DeLuca
chris@aquanow.io