- Gemini has appointed a new general manager for the Asia-Pacific region.
- As soon as Jeremy Ng joins, Gemini plans to get a license from the Monetary Authority of Singapore.
- Gemini has already expanded to Australia and Europe.
Gemini, the crypto exchange and storage empire of Cameron and Tyler Winklevoss, announced today that it has appointed a new general manager for its Asia Pacific region. The new addition will lead its expansion to Asia, the final stop on Gemini’s swirling tour around the world.
Jeremy Ng, from Singapore, will report directly to Cameron Winklevoss, half of the duo – both Harvard and Oxford business school alums and Olympic athletes – who started their crypto business in 2015, with fortunes reportedly earning one percent of all Bitcoin to be bought in 2013.
Ng takes to Gemini 20 years of experience from the financial sector. Previously, he led the Asian division of the Swiss capital market company Leonteq and held positions with Goldman Sachs, Deutsche Bank and Morgan Stanley.
Gemini focuses on playing Singapore in Asia
As soon as Ng joins, Gemini plans to get a license from the Monetary Authority of Singapore. Implemented in January, the Payment Services Act provides detailed regulations for crypto companies operating in the region. It also means that crypto exchanges, which were previously unregulated, required licensing.
Cameron Winklevoss said in a statement that he “looks[s] looking forward to building a presence in this key Fintech hub and the Asia-Pacific region with Jeremy leading the way. ”
Gemini has always tried to play safe with supervisors. “Trust is our product,” says one great banner on her website. Gemini was one of the first crypto companies to use one Trust Licenseoperating them in New York State. All that work has convinced one of the world’s largest investment banks, JP Morgan, to bank with.
The exchange has been march all over the world. Last August, Gemini extended to Australia; it still eats the US and it also has designs for Europe. It hired for the expansion of Europe Julian Sawyer, who co-founded one of the UK’s most successful challenger banks, Starling Bank.
Where’s Gemini going?