Connect Blockchain Obtains Crypto-commodities License for Proprietary Trading in DMCC
„We are delighted to bring in veterans from the exchange business Mr. Meng Chan Shu as the Founder and Chief Executive Officer and Mohammad Al Hammadi as Director of Connect Blockchain DMCC.“
Valery Wang, Director of INBlockchain
November 11, 2018: Connect Blockchain DMCC has successfully obtained a license for Proprietary Trading in Crypto-commodities activities licensed by the Dubai Multi Commodities Center (DMCC). The license was obtained on May 13, 2018 and is currently fully operational. Connect Blockchain is co-established with its majority shareholder, INBlockchain Ltd, one of the largest Blockchain companies globally that incubates blockchain related projects.
With an additional office in London, Connect Blockchain DMCC is dedicated to developing and facilitating investment in blockchain technology for various sectors and providing liquidity provision to digital asset trading platforms globally.
Valery Wang, Director of INBlockchain is pleased to announce the appointment of Connect Blockchain DMCC management. “We are delighted to bring in veterans from the exchange business Mr. Meng Chan Shu as the Founder and Chief Executive Officer and Mohammad Al Hammadi as Director of Connect Blockchain DMCC.”
On Right Side, Founder & CEO, Meng Chan Shu and on the Left Side, Deputy Director, Mohammad Al Hammadi
Shu was formerly the Director of Business Development at the Dubai Gold & Commodities Exchange (DGCX). With over 20 years experience in strategic planning and business development. Prior to joining DGCX, Shu was with Bursa Malaysia and was heading the Product Development team. He graduated with an MA in Economics focusing in Quantitative Analysis from USA.
“I am happy to be part of the INBlockchain family and leading Connect Blockchain DMCC. We will be working closely with exchanges for liquidity provision whilst striving to increase the awareness and understanding of trading in this new asset class within the region. DMCC provides a perfect environment for traders to be based here in Dubai, placing additional emphasis on innovation and knowledge sharing for which we are delighted to be part of.” said Shu.
“Mohammad also has more than 15 years of extensive experience in the regional financial market and he has strong network with the banking & financial regulators. Prior to joining us, Mohammad worked with regional banks and the largest Exchange and Clearing House in the Middle East and North Africa (MENA) region. He is responsible to take Connect Blockchain DMCC to the next level in the aspects of Corporate Governance, Business Development and Public Relations.” said Valery Wang.
Connect Blockchain DMCC has innovation at its core and is striving to make a difference in both the UAE and wider GCC region as blockchain technologies advance from their current nascent stage.
About Connect Blockchain
Connect Blockchain DMCC is a Dubai-based company which is majority-owned by INBlockchain Inc, China’s oldest and largest institutional crypto asset and blockchain fund. Connect Blockchain’s operations are licensed by the Dubai Multi Commodities Center (DMCC) for Proprietary Trading in Crypto-commodities activities (License Number DMCC-450051). The firm also has an office in London, Connect Blockchain deals in crypto commodities and related derivative products on a proprietary basis. The firm provides market making and liquidity provision to digital asset trading platforms globally, and also deals with over-the-counter (OTC) participants in the same space.
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