Aviva Singlife Chairman Joins Singapore Startup

Ray Ferguson joins capital markets-focused fintech Hashtacs (STACS) as its chairman, according to a statement, in addition to his existing role as Aviva Singlife chairman.

Ferguson also has extensive experience in the banking sector, particularly with Standard Chartered where he spent 17 years including his last role there as its Singapore chief executive. 

Expansion Drive

Plans under Ferguson’s leadership include fundraising to scale the business, onboarding more strategic investors and adding industry partners to grow the ecosystem. 

It has ongoing collaborations with entities like foreign stock exchange Bursa Malaysia, where it finished a blockchain-based trial for bonds, or Deutsche Bank, where it ran a strategic initiative on digital assets. 

Just last week, it announced that was a portfolio company of PwC Singapore’s Venture Hub – the global professional services provider’s one-stop shop to link entrepreneurs and investors. 

Green Fintech

The startup underlined commitment to sustainability, citing alignment with Singaporean policymakers, and a focus on green fintech and ESG (environmental, social, governance factors).

To this end, it will look to provide to the financial sector capabilities in smart contracts, usage of proceeds, real-time tracking and impact reporting of green assets on the distributed ledger technology (DLT) via its GreenSTACS technology.

Source: Finews.asia