Lykke, a Swiss Fintech company building a global blockchain-powered marketplace, is accelerating its growth with the announcement of Seamus Donoghue as director of its Singapore office.
With offices now in the UK, Switzerland, Cyprus, Vanuatu, the US, and Singapore, Lykke is expanding its global footprint.
“This was just a clear meeting of the minds,” says Richard Olsen, previously founder and CEO of OANDA and now CEO of Lykke. “We got along fabulously, and there is so much we can do from Singapore. It’s a real privilege to work with such enthusiastic and capable people all around the globe.”
Mr Donoghue was most recently CEO of Allocate Bullion Solutions. He has held positions at Bank of America Merrill Lynch, Barclays, Deutsche Bank, and JP Morgan.
“The current structure of financial markets is broken,” says Donoghue. “Our financial markets no longer serve the greater good. They are fragile and extremely vulnerable to disruption and failure given their increased concentration and centralisation. It is time for a fresh look at not just optimizing old processes but completely reimagining financial markets as they should be while leveraging new technologies such as the blockchain to build a more resilient and inclusive marketplace for all assets. I am incredibly excited by Lykke’s vision and being part of the global team.”
In addition to bitcoin and the major currency pairs, Lykke now lists its own equity tokens plus Solarcoin, the TREE mangrove coin, and Chronobank’s TIME token. Ethereum-based and other tokens are slated to be available in the coming months.