Daniel Lee

I am the Head of Web3 for Banking Circle, a B2B Bank licensed in Luxembourg with branches/subsidiaries in Denmark, Norway, Sweden, Norway, Liechtenstein, Australia, Singapore, Germany and the UK. I am responsible for the Web3 initiatives in Banking Circle including initiatives on Stablecoin issuance and Tokenised Deposits.

I lead the Bank to launch the first bank-issued MICA compliant stablecoin in Europe - EURITE (ticker: EURI). The stablecoin is issued as a e-money token under MICA. I am also responsible for the bank’s innovation strategy in the blockchain space eg Banking Circle’s partnership with Ant Group to work on a liquidity management project using tokenised deposits which will improve efficiency and speed of global fund settlements.

I left DBS in Dec 2021 after 22 years of service to set up a Digital Asset Custody and Payments business in Europe together with Calvin Cheng, the former Nominated Member of Parliament in Singapore.

I am on the board of directors of Coins U Trust (the crypto currency exchange that was co-founded by Xinxi Wang, who co-founded the Litecoin Foundation) and an adviser in TechstormTV, an e-sports media company.

I was the Head of Business and Listing for the DBS Digital Exchange and was in the founding team working on this project since 2018. I was also involved in other blockchain related projects within the DBS Group including being part of the team that set-up Climate Impact X.

Prior to the DBS Digital Exchange, I was the Executive Director and Head of Electronic Trading servicing intermediaries (broker-clients), digital exchanges, high frequency traders and market makers in the electronic trading space. I have experience in dealing with various regulators and exchanges across the region. I was also responsible for the ETF business. My previous roles in DBS include leading Research Compliance. Prior to joining DBS Securities in 1999, I worked in equity sales, sales trading and research with WI Carr. Before that, I was doing research and was a Data Analysis Tutor at the University of Cambridge. I have an MBA, an LLM in Commercial Law and a First Class Honours degree in Psychology. My MBA studies was sponsored by DBS Securities, while my LLM programme was sponsored by DBS Vickers Securities. I am also a Chartered Fintech Professional and a Chartered Industry Fellow of the Global Fintech Institute.