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Wall Street’s volatility spills into crypto: TradFi’s domino effect

Wall Street’s volatility spills into crypto: TradFi’s domino effect

The recent retreat in global risk sentiment, sparked by a cascade of events that began with a disappointing outlook from retail titan Walmart. This development, coupled with a slew of economic data and policy commentary, has painted a multifaceted picture of where markets might be headed.

Let me walk you through what’s happening, why it matters, and what it could mean for investors, consumers, and the broader economic landscape.

The news broke earlier this week when Walmart, a bellwether for the US consumer economy, issued guidance that fell short of Wall Street’s expectations. The retail giant projected net sales growth of just three per cent for the current year, a figure that rattled investors who had grown accustomed to more robust forecasts from the world’s largest retailer. Walmart cited an “uncertain geopolitical landscape” as a key factor, pointing to ongoing tariff jitters and broader economic headwinds.

Shares of the company dropped over six per cent in response, dragging down the Dow Jones Industrials and sending ripples through the Consumer Discretionary sector, which shed 1.2 per cent according to the MSCI US index. Financials weren’t spared either, declining 1.6 per cent, as the broader MSCI US index slipped 0.4 per cent. This wasn’t just a Walmart story—it was a signal that investors were starting to question the resilience of the US consumer and the economy at large.

Adding fuel to these concerns, the latest US jobless claims data didn’t offer much reassurance. Both initial and continuing claims rose week-over-week, coming in slightly above what analysts had anticipated. While the uptick was modest—described by some economists as “trivial” or “just noise”—it nonetheless chipped away at the narrative of a rock-solid labor market.

For months, the US economy has been buoyed by a tight jobs picture, with unemployment hovering near historic lows. But even small cracks in that foundation can amplify worries, especially when paired with Walmart’s cautious outlook. After all, if the labor market starts to wobble, consumer spending—the engine of the US economy—could follow suit, hitting retailers like Walmart hardest.

Meanwhile, the Federal Reserve’s voice has added another layer of nuance to this unfolding story. St. Louis Fed President Raphael Musalem weighed in with a sobering take, arguing that monetary policy should remain “modestly restrictive” until inflation is firmly on track to hit the central bank’s two per cent target. Despite recent data showing inflation cooling somewhat and the labor market holding steady, Musalem isn’t convinced the battle is won.

He warned that the risks of inflation stalling above two per cent—or even climbing higher—are “skewed to the upside.” This hawkish stance suggests the Fed isn’t ready to pivot to rate cuts anytime soon, a prospect that’s kept markets on edge. Investors had been hoping for a more dovish signal, especially after a string of solid economic reports, but Musalem’s comments underscore the Fed’s laser focus on price stability, even if it means squeezing the economy a bit longer.

The bond market reflected this tension. The yield on the 10-year US Treasury note slipped 3 basis points overnight to 4.50 per cent, a subtle but telling move. Over the past week, yields have declined in four out of five sessions, pulling back from the upper end of their recent range.

This shift hints at a market that’s recalibrating—moving away from fears of runaway inflation and toward a more neutral outlook. With tariff details still murky and the US data calendar looking light until the January PCE inflation report drops on February 28, yields might stay anchored around 4.50 per cent for now. That stability could offer a breather for equity markets, but it’s hardly a green light for a sustained rally.

On the currency front, the Japanese yen stole the spotlight, surging to its strongest level against the dollar since December. Speculation is rife that the Bank of Japan (BOJ) might hike rates sooner than expected, a move that would mark a significant shift from its long-standing ultra-loose policy.

The yen’s strength weighed on the US Dollar Index, which slid 0.8 per cent to 106.4. Gold, meanwhile, edged up 0.2per cent, inching closer to the US$3,000 mark as safe-haven demand ticked higher amid the uncertainty. Brent crude also nudged up 0.5 per cent to US$77 per barrel, buoyed by a mix of supply concerns and cautious optimism about global demand. Asian equity indices, however, were a mixed bag in early trading, reflecting the uneven sentiment rippling across markets.

Now, let’s pivot to an intriguing subplot in the financial world: the SEC’s approval of a yield-bearing stablecoin from Figure Certificate Co., dubbed YLDs. Unlike traditional stablecoins like Tether’s USDT, which generate billions in reserve income for issuers but offer no yield to holders, YLDs promise to share the wealth. By investing reserves in US Treasuries and commercial paper, Figure aims to deliver returns to investors while maintaining the stablecoin’s peg to the dollar.

The SEC’s decision to classify YLDs as “certificates” under securities regulations sets a new precedent, distinguishing them from the unregulated wild west of other crypto assets. This move could shake up the stablecoin market, offering a model that balances stability with profitability—a rare combo in the crypto space.

Speaking of crypto, the broader market is grappling with its own demons. Nearly a quarter of the top 200 cryptocurrencies have hit their lowest levels in over a year, with 24 per cent tumbling to 365-day lows after a sharp decline on February 7. Analysts are split on what this means.

Some, like Juan Pellicer from IntoTheBlock, see it as a temporary correction—a healthy shakeout after a period of exuberance. Others aren’t so sure, warning that this could signal a deeper capitulation, reminiscent of past bear markets. The debate over whether crypto is in a bull or bear cycle rages on, but one thing’s clear: sentiment is fragile, and these price drops are testing the resolve of even the most ardent believers.

So, what’s my take on all this? I see a world in flux, where optimism and caution are locked in a tug-of-war. Walmart’s warning is a red flag, no doubt—it’s hard to ignore when a company that touches millions of consumers signals trouble ahead. Pair that with rising jobless claims, and you’ve got a recipe for unease.

But I’m not ready to call it a full-blown crisis just yet. The labour market still has muscle, and the Fed’s steady hand—while frustrating for growth-hungry investors—shows a commitment to avoiding the inflationary spirals of the past. The pullback in Treasury yields and the yen’s strength suggest markets are finding a new equilibrium, not plunging into chaos.

The YLDs stablecoin experiment fascinates me—it’s a glimpse of how crypto might evolve beyond speculative mania into something more practical and regulated. As for the broader crypto downturn, I lean toward the correction camp. Markets need to breathe, and this could be a reset before the next leg up—or down.

Ultimately, we’re in a holding pattern, waiting for clearer signals on tariffs, inflation, and Fed policy. Until then, expect volatility, but don’t bet on a collapse just yet. The data’s too mixed, and the world’s too resilient, for that.

 

 

Source: https://e27.co/wall-streets-volatility-spills-into-crypto-tradfis-domino-effect-20250221/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

From treasuries to Bitcoin: The Fed’s ripple effect

From treasuries to Bitcoin: The Fed’s ripple effect

Key points:

  • The January FOMC minutes revealed the Fed’s cautious stance on rate cuts, emphasizing a data-driven approach to disinflation while hinting at a potential pause in quantitative tightening (QT), signaling a delicate balance between inflation control and economic growth.

  • The Fed’s focus on the supplementary leverage ratio (SLR) suggests potential regulatory adjustments to ease bank balance sheet pressures, which could lower bond yields and support financial stability, marking a shift toward more targeted policy measures.

  • Market reactions were mixed: US equities saw late gains, led by healthcare stocks, while housing data showed weakness due to high borrowing costs, reflecting broader economic uncertainty and the Fed’s impact on financial conditions.

  • Global markets responded unevenly to the Fed’s signals, with European stocks faltering amid US tariff concerns and geopolitical tensions, while Asian indices trended lower, highlighting the Fed’s influence on global risk sentiment.

  • Traditional financial giants like State Street and Citi are entering the crypto custody space, signaling growing institutional acceptance of digital assets, which could stabilize volatile crypto markets and blur the lines between traditional and digital finance.

 

 

I’ve been closely following the developments that unfolded following the release of the January Federal Open Market Committee (FOMC) minutes. These minutes, released by the US Federal Reserve, provide a window into the central bank’s thinking and have sparked a nuanced reaction across markets.

My perspective on this topic is shaped by a blend of macroeconomic analysis, market observations, and a critical eye on how these developments ripple through various asset classes and geographies. The muted global risk sentiment that emerged in the wake of these minutes reflects a cautious recalibration by investors, balancing the Fed’s hawkish stance on inflation with emerging signals about potential shifts in monetary policy tools like quantitative tightening (QT) and the supplementary leverage ratio (SLR).

Let’s unpack this in detail.

The January FOMC minutes reiterated a stance that many market participants had anticipated but still found sobering: the Federal Reserve is in no rush to cut interest rates. With inflation proving stickier than hoped—hovering above the Fed’s two per cent target despite some progress—the central bank emphasised a data-dependent approach, signalling that rate cuts remain contingent on clearer evidence of disinflation.

This hawkish tone was tempered, however, by hints that the Fed might be nearing the end of its quantitative tightening program, a policy that has seen the central bank shrink its balance sheet by allowing bonds to mature without reinvestment.

The minutes’ suggestion of a potential pause or conclusion to QT caught the attention of analysts and traders alike, as it could imply a softening of the Fed’s aggressive stance on draining liquidity from the financial system. For me, this duality—caution on rates paired with a possible pivot on QT—highlights the Fed’s delicate balancing act: controlling inflation without choking economic growth.

One of the more intriguing aspects of the minutes was the Fed’s focus on the supplementary leverage ratio (SLR), a regulatory metric that dictates how much capital banks must hold against their total assets. The inclusion of an entire paragraph on the SLR suggests that the Fed sees relieving pressure on bank balance sheets as a priority. This is significant because the SLR has been a point of contention, particularly during periods of market stress when banks’ ability to absorb government debt or facilitate market liquidity can falter under tight capital constraints.

By signalling potential adjustments to the SLR, the Fed may be laying the groundwork to ease these pressures, which could lower bond yields and widen swap spreads at the longer end of the yield curve. Indeed, post-minutes, US swaps moved to session highs, and Treasuries saw buying interest, with the 10-year US Treasury yield dipping 2 basis points to 4.53 per cent. From my vantage point, this move underscores a subtle shift in the Fed’s toolkit—away from blunt rate hikes and toward more targeted measures to support financial stability.

The market’s reaction to these developments was telling. US equities managed to gain traction late in the trading session, with the MSCI US index edging up 0.2 per cent. Sector performance, however, revealed a mixed picture. Healthcare stocks led the charge with a 1.2 per cent advance, possibly buoyed by their defensive appeal amid economic uncertainty.

Meanwhile, the Materials sector lagged, dropping 1.4 per cent, a decline I attribute to persistent concerns over US tariff threats—an issue that continues to weigh on industries reliant on global supply chains. This late rally in equities suggests that while global risk sentiment remains subdued, investors are still willing to bet on pockets of resilience within the US economy, particularly as the Fed hints at measures to bolster financial conditions.

On the economic data front, the latest US housing starts figures painted a less rosy picture. A decline in both single- and multifamily home construction reflects growing unease over rising mortgage rates and a glut of unsold homes. For me, this is a critical signal. Housing is a bellwether for broader economic health, and its softening aligns with the Fed’s acknowledgment of an uncertain outlook. High borrowing costs, fuelled by the Fed’s current rate stance, are clearly taking a toll, and I suspect this data point will keep policymakers vigilant as they weigh the risks of overtightening.

Turning to currencies and commodities, the US Dollar Index ticked up 0.1 per cent, a modest gain that reflects its safe-haven status amid global caution. Gold, often a barometer of investor anxiety, slipped 0.1 per cent, a slight retreat that might suggest some profit-taking after recent highs.

Brent crude, however, climbed 0.3 per cent to US$76 per barrel, marking its second consecutive session of gains. This uptick, in my view, is less about bullish sentiment and more about supply-side fears—specifically, potential disruptions to US and Russian oil flows amid geopolitical tensions and tariff rhetoric. These movements underscore how interconnected global markets are, with each asset class responding to a complex web of Fed policy, economic data, and external risks.

Across the Atlantic, European stocks faltered, dragged down by the spectre of US tariffs and apprehension ahead of Germany’s upcoming election. The German vote, scheduled for Sunday, adds another layer of uncertainty, as its outcome could shape the Eurozone’s economic direction at a time when trade tensions are already fraying nerves.

In Asia, equity performance was uneven, with most indices trending lower in early trading. US equity futures, meanwhile, hinted at a softer open, suggesting that the cautious mood might persist into the next session. For me, this global patchwork of market responses illustrates how the Fed’s words reverberate far beyond US borders, influencing risk appetite from Frankfurt to Tokyo.

Shifting gears to the cryptocurrency space, a notable development caught my eye: State Street and Citi, two financial behemoths with over US$70 trillion in assets under custody, are gearing up to offer crypto custody services. State Street is reportedly eyeing a 2026 launch for Bitcoin and other digital assets, while Citi is exploring similar offerings, though without a firm timeline. This move marks a seismic shift in Wall Street’s embrace of cryptocurrencies, driven by surging institutional demand, clearer regulations, and the lure of new revenue streams.

As a journalist, I see this as a watershed moment. Traditional banks have long been wary of crypto’s volatility and regulatory grey areas, but the entry of heavyweights like State Street and Citi signals that digital assets are no longer a fringe phenomenon—they’re becoming a core part of institutional finance. For investors like hedge funds and asset managers, secure custody from trusted names could unlock significant capital inflows, potentially stabilising crypto markets long plagued by wild swings.

This shift comes amid other crypto headlines. Researchers reported a US$99 million withdrawal from the Milei-backed Libra token, a move that raises questions about confidence in certain digital projects. Meanwhile, Bitcoin rebounded to around US$96,000, and XRP surged six per cent, according to CNBC Crypto World.

These price movements suggest that while specific tokens may face turbulence, the broader crypto market retains resilience—perhaps buoyed by the prospect of institutional backing from firms like State Street and Citi. From my perspective, this juxtaposition of traditional finance’s entry and crypto’s ongoing evolution underscores a broader narrative: the lines between old and new money are blurring, and the Fed’s policy backdrop will play a pivotal role in shaping this convergence.

Reflecting on all this, I can’t help but marvel at the complexity of today’s financial landscape. The Fed’s January minutes, with their cautious tone on rates and nuanced hints at policy tweaks, have set the stage for a multifaceted market response. Lower Treasury yields and a late equity uptick offer glimmers of optimism, yet housing weakness and tariff fears temper that enthusiasm. Globally, Europe and Asia grapple with their own challenges, while the crypto world stands on the cusp of a mainstream breakthrough.

My take is that we’re at an inflection point—where central bank decisions, economic fundamentals, and technological shifts are colliding to redefine risk and opportunity. The Fed’s next moves, whether on rates, QT, or the SLR, will be critical, and I’ll be watching closely to see how this story unfolds. For now, the muted risk sentiment feels like the calm before a potentially transformative storm.

 

Source: https://e27.co/from-treasuries-to-bitcoin-the-feds-ripple-effect-20250220/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

The Trump effect: Steel tariffs, Bitcoin surge, and the future of crypto in Japan and beyond

The Trump effect: Steel tariffs, Bitcoin surge, and the future of crypto in Japan and beyond

Global financial markets are navigating a complex landscape shaped by geopolitical tensions, domestic policy shifts, and the ever-evolving dynamics of technological innovation. President Donald Trump’s recent pledge to impose tariffs on all steel and aluminium imports has sent ripples through global markets, exacerbating already jittery sentiments about trade tensions.

This policy announcement, with broader economic indicators and the rise of cryptocurrency-related developments, presents a multifaceted scenario that demands careful analysis. As a journalist committed to rigorous research and factual reporting, I aim to unpack these developments, offering a comprehensive view of their implications while critically examining the narratives surrounding them.

President Trump’s announcement of a 25 per cent tariff on steel and aluminium imports has undoubtedly heightened global risk sentiment. This move, which Trump did not specify regarding its effective date, has added a layer of uncertainty to an already tense economic environment. Commodity currencies such as the Australian and Canadian dollars have felt the immediate impact, depreciating as markets react to the potential for escalated trade conflicts.

Similarly, Asian equities have experienced declines, reflecting broader concerns about the ripple effects of these tariffs on global supply chains and economic stability. The timing of this announcement, just before Federal Reserve Chair Jerome Powell’s semiannual congressional testimony, further amplifies its significance as investors and policymakers alike scrutinise the potential monetary policy responses to these trade developments.

In the United States, financial markets have responded with caution and resilience. The MSCI US index edged lower by 0.9 per cent, with the Energy sector outperforming despite broader market declines. This resilience in the Energy sector can be attributed to relatively stable oil prices, with Brent crude hovering around US$75 per barrel, even as markets weigh the implications of the new tariffs.

Meanwhile, US Treasury yields have risen, with the 10-year yield increasing by 6.1 basis points to 4.49 per cent and the two year yield climbing by 7.8 basis points to 4.29 per cent. These movements suggest a market expectation of tighter monetary policy or heightened inflationary pressures, possibly in response to the tariffs. The US Dollar Index has held firm, gaining 0.3 per cent, while gold prices continue their upward momentum, approaching US$2,900 per ounce, as investors seek safe-haven assets amid uncertainty.

Across the Pacific, Asian equities have displayed a mixed performance, with early trading reflecting the cautious sentiment pervasive in global markets. However, US equity index futures suggest a modestly optimistic opening, implying a 0.3 per cent higher start for US stocks. This divergence highlights the nuanced reactions across different markets, shaped by local economic conditions and the varying degrees of exposure to US trade policies.

In Singapore, for instance, DBS Group Holdings Ltd. shares reached a record high, buoyed by the announcement of an investor payout plan. This development underscores the resilience of certain financial institutions in Southeast Asia, even as broader market sentiments remain tentative.

Markets on edge as jobs data, currency shifts, and crypto milestones shape the week

Amid these traditional financial market dynamics, the cryptocurrency space has emerged as a significant focal point, particularly in Asia. The Korea Exchange chairman’s push for the adoption of cryptocurrency exchange-traded funds (ETFs) reflects a growing recognition of digital assets as a potential driver of market growth.

South Korea, a nation known for its technological innovation and significant cryptocurrency adoption, stands at a critical juncture. Embracing crypto ETFs could position the country as a leader in this burgeoning financial sector, potentially attracting substantial foreign investment and fostering innovation. However, this move also carries risks, including regulatory challenges and the inherent volatility of digital assets, which could undermine financial stability if not managed carefully.

The meteoric rise of Metaplanet Inc., a Japanese company that has pivoted from hotel management to Bitcoin investment, exemplifies the transformative potential of cryptocurrencies. Shares of Metaplanet have soared by over 4,000 per cent in the past year, making it the top-performing stock among Japanese equities and one of the highest globally. This extraordinary performance is largely attributed to the ripple effects of President Trump’s pro-crypto agenda, which has fuelled a surge in Bitcoin demand in Japan.

Metaplanet’s strategic shift to adopting Bitcoin as a primary treasury reserve asset, inspired by the playbook of MicroStrategy’s Michael Saylor, has resonated with investors, particularly in a context where traditional financial assets are facing heightened uncertainty. The company’s ambitious plans to acquire 21,000 Bitcoin by 2026, supported by a US$745 million capital raise, further underscore its commitment to this strategy, positioning it as a potential leader in Asia’s cryptocurrency landscape.

However, this rapid ascent is not without its complexities. The volatility of Bitcoin, which recently hit a record high of US$109,241 before partially retracing, poses significant risks for companies like Metaplanet. Moreover, the high capital gains taxes on direct Bitcoin purchases in Japan—up to 55 per cent—make investing in stock proxies like Metaplanet an attractive alternative for small-scale and first-time buyers, particularly through programs like the Nippon Individual Savings Account. This tax structure, combined with the broader market dynamics influenced by Trump’s trade policies, creates a unique environment where investors navigate traditional and digital asset markets with heightened caution.

President Trump’s apparent obsession with cryptocurrencies, evidenced by his administration’s pro-crypto stance, has broader implications for global financial markets. Some analysts argue that Trump’s pledge to overhaul US financial regulations could present opportunities for the UK to lead in the crypto space in the United Kingdom. With its robust financial infrastructure and history of regulatory innovation, the UK is well-positioned to capitalise on any shifts in US policy that might create regulatory gaps or opportunities.

However, this optimism must be tempered by critically examining the challenges involved, including the need for robust regulatory frameworks to protect investors and ensure market stability. The UK’s ability to lead in this space will depend on its capacity to balance innovation with prudent oversight, a task made more complex by the global nature of cryptocurrency markets.

The new norm: Stabilising global risk sentiment in a volatile market

From my perspective, the interplay between traditional financial markets and the cryptocurrency sector underscores a broader shift in the global economic landscape. President Trump’s tariffs on steel and aluminium, while aimed at protecting domestic industries, risk exacerbating global trade tensions and economic uncertainty.

This uncertainty, in turn, drives investors toward alternative assets like gold and Bitcoin, which are perceived as hedges against traditional market volatility. However, the rapid rise of companies like Metaplanet and the push for crypto ETFs in South Korea highlights the transformative potential of digital assets, even as they introduce new risks and regulatory challenges.

Critically examining the establishment narrative, it is essential to recognise that the enthusiasm for cryptocurrencies, particularly in the context of Trump’s policies, is not without its pitfalls. The volatility of digital assets, the potential for regulatory overreach, and the risk of market manipulation are significant concerns that must be addressed.

Moreover, the reliance on Bitcoin as a treasury reserve asset, as seen with Metaplanet, raises questions about long-term sustainability and the broader implications for corporate governance and financial stability. While the allure of high returns is undeniable, the risks associated with such strategies cannot be overlooked.

In conclusion, the current global financial landscape is a tapestry of interconnected developments, from traditional trade policies and market dynamics to the disruptive potential of cryptocurrencies. President Trump’s tariffs on steel and aluminium have heightened global risk sentiment, driving investors toward safe-haven assets and alternative investments like Bitcoin.

Meanwhile, the rise of Metaplanet in Japan and the push for crypto ETFs in South Korea reflect the growing influence of digital assets in shaping economic strategies. As these trends unfold, policymakers, investors, and journalists alike must approach them with a critical eye, balancing optimism with a rigorous assessment of the risks and opportunities they present.

The future of global finance will likely be defined by how effectively we navigate these complexities, ensuring that innovation is harnessed responsibly and sustainably.

 

Source: https://e27.co/the-trump-effect-steel-tariffs-bitcoin-surge-and-the-future-of-crypto-in-japan-and-beyond-20250210/

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j