OIO Holdings Limited (SGX: OIO) announced the appointment
of Rudy Lim, former Head of FinTech at DBS Bank, as Chief
Executive Officer (CEO) of its Blockchain Division, OIO
Singapore Pte Ltd. The appointment of Rudy, a FinTech
expert, is expected to further accelerate OIO’s blockchain
business.
Rudy has been a vocal advocate of the
challenges traditional banks are facing and the need for
significant transformation as the digital economy emerges.
Driven by this foresight, he led Fintech innovation projects
across various departments at DBS such as analytics, market
research, and partnerships, which aligned with establishing
a leading bank in Southeast Asia, and he played an active
role within the Fintech ecosystem.
As the Head of
FinTech at DBS, Rudy launched “Startup Xchange” to
facilitate startups in co-creating solutions to DBS business
challenges, enabling them to match and value-add the bank
and also its potential corporate clients. Since its pilot in
2018, Startup Xchange has successfully conducted over 40
proofs-of-concept with startups across the bank and
successfully rolled-out more than 20 emerging technology
solutions.
Prior to his career at DBS, Rudy was a part
of the venture investment and business innovation team at
Singapore Press Holdings (SPH), where he was involved in
supporting startups from conceptualization to funding their
business models.
Rudy emphasizes his reasons
for joining OIO as follows:
- Singapore
has the best business environment for blockchain business,
with a group of Singaporean government agencies launching a
new research program for blockchain technology in the second
half of 2020 with a funding of S$12 million. - 2021 is
a year of great progress in blockchain technology and that
the growth of the blockchain and crypto-asset market will
begin from here. - As one of the first listed
blockchain companies in Singapore, OIO is in a position to
take full advantage of the market environment. - OIO
has officially announced that it has entered into
negotiations to acquire Moonstake, one of the largest
staking providers in Asia.
Proposed Acquisition
of the Entire Share Capital in Moonstake Pte. Ltd. &
Moonstake Limited
Moonstake’s crypto asset transaction
value exceeds USD200M as of January 19, 2021, making it the
16th largest staking pool out of 1692 providers according to
Staking Rewards, a staking ranking site.
With the
addition of Rudy to the team, OIO is looking to expand its
business into the investment and incubation area and will
actively acquire leading blockchain businesses such as
Moonstake.
CEO Rudy’s comments, “I am very
honored to be appointed as CEO of OIO Singapore Pte Ltd, a
great company with talented people and great potential.
Based on this strong foundation, we would like to continue
to facilitate product performance and innovation, while we
aim to be a trusted partner to our customers in today’s
rapidly changing environment.
“In order
to do so, OIO must continue to innovate and lead our
customers on their transformation journey. Blockchain and
innovation are the two major driving forces for our
customers’ transformation, and we need to focus on them
across the whole company. My goal is to ensure that we fully
commit ourselves to our customers, employees and
stakeholders through strong values, leading innovation and
passion.”