Rich Teo co-founded Paxos in 2012 and currently serves as CEO Asia of Paxos. Paxos is an institutionally focused crypto services provider that counts PayPal, Bank of America, Mastercard and Binance as clients. Prior to Paxos, he served as a Principal at Cedar Hill Capital Partners, overseeing the firm’s investments across the capital structure of various financial services institutions. He was also a Financial Analyst at Citi where he worked on mergers and acquisitions involving exchanges, trading technology, banks and brokers. Rich received a BBA from the University of Michigan’s Stephen M. Ross School of Business.
Hall 2, Singapore EXPO
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Stablecoins and tokenised deposits have both revolutionised the way we store and transfer value. Stablecoins bring about much needed stability to the agility and democracy of cryptocurrencies while tokenised deposits have brought the speed and efficiency of blockchain technology to traditional banking rails. However, the question remains: Which digital currency can best deliver payment utility for a variety of use cases while minimising associated risks? Tokenised deposits may benefit from the trust that depositors have in the established banking system, but are they quick enough to incorporate capabilities like programmability and interoperability? Fiat-backed stablecoins could offer more inclusive reach but at what cost – can the cryptocurrency industry mitigate risks comprehensively enough to hit critical mass in time to realise its full potential?
The debate will feature industry veterans from the crypto and banking sectors who will champion their native currency. Join us for an opportunity to hear arguments from our top experts and cast your vote to crown the ultimate digital currency winner on stage, live at the Singapore FinTech Festival.
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