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Beyond the announcement: The ripple effects of liberation day on global assets

Beyond the announcement: The ripple effects of liberation day on global assets

I’m diving deep into the current market wrap, with a particular focus on the looming “Liberation Day” tariffs announced by US President Donald Trump, set to take effect today, April 2, 2025. This pivotal moment has cast a long shadow over global risk sentiment, and it’s no surprise that investors, analysts, and everyday folks alike are on edge, waiting to see how this bold policy shift will ripple through economies and asset classes worldwide.

My perspective on this topic is one of cautious scepticism—while the intent behind these tariffs may be rooted in a desire to bolster American manufacturing and rebalance trade, the potential for unintended consequences, from inflation spikes to global trade wars, looms large. Let’s unpack this complex scenario with a thorough examination of the data, market reactions, and broader implications.

The White House has framed “Liberation Day” as a cornerstone of Trump’s economic vision—a decisive move to bring manufacturing jobs back to US soil and address long-standing trade imbalances with key partners like China, Canada, Mexico, and the European Union. The tariffs, which are being unveiled today, promise to be sweeping in scope, though the exact scale and country-specific details remain under wraps until the official announcement.

This uncertainty has fuelled a subdued global risk sentiment in the lead-up to the event, as markets grapple with the possibility of a seismic shift in trade dynamics. Economists and market watchers are particularly concerned about the potential for these tariffs to exacerbate inflationary pressures, disrupt supply chains, and dampen economic growth—not just in the US, but globally. My take? While the goal of revitalising American industry is laudable, the execution of such a broad and aggressive tariff regime could easily backfire, especially in an already fragile economic environment.

On the US economic front, recent data paints a troubling picture that only heightens these concerns. The March reading of the US ISM Manufacturing Index slipped into contractionary territory at 49.0, down from expectations of modest growth. This decline was driven by notable weakness in new orders and employment, two critical forward-looking indicators that suggest manufacturers are bracing for tougher times ahead. Even more alarming is the Prices Paid Index, which surged to its highest level since June 2022.

This spike signals that input costs are rising sharply—likely a direct result of tariff-related uncertainty and supply chain jitters. For me, this data underscores a key risk: the US economy may be heading toward stagflation, a toxic mix of stagnant growth and rising prices that could prove difficult for the Federal Reserve to navigate. The Fed, which began cutting rates in September 2024, might find its hands tied if inflation accelerates further, forcing a pivot back to tighter policy at a time when growth is already faltering.

The equity markets reflected this unease in yesterday’s volatile session. The S&P 500, a bellwether for US stocks, initially slid one per cent as investors digested the weak manufacturing data and fretted over the tariff fallout. However, a late-day rally in the technology sector—perhaps driven by bargain hunting or optimism about tech’s resilience—pushed the index into positive territory, closing up 0.4 per cent.

This recovery is a testament to the market’s ability to find silver linings, but I’m not convinced it signals a lasting reprieve. Historical trends cited by The Kobeissi Letter offer a sobering perspective: when the Fed cuts rates during a recession, the S&P 500 has typically declined six per cent within six months and 10 per cent within a year.

Given that the index is already down two per cent since rate cuts began last fall, we could be in for a rough ride if “Liberation Day” triggers a deeper economic slowdown. My view is that investors should remain cautious—yesterday’s tech-driven bounce feels more like a temporary breather than a sign of sustained confidence.

Bond markets, meanwhile, are telling their own story. Benchmark 10-year US Treasury yields dipped about 4 basis points to 4.17 per cent, hitting their lowest level since March 11. This decline suggests a flight to safety as investors seek refuge from equity volatility and economic uncertainty. The US Dollar Index, however, held steady at 104.26, showing little movement overnight. This stability might reflect a wait-and-see approach among currency traders, who are likely holding their breath until the tariff details emerge.

Gold, often a barometer of fear, edged down slightly to US$3,118.90 per ounce after hitting an all-time high of US$3,149 earlier this week. The fact that gold remains near record levels speaks volumes about the underlying anxiety in the market, even if it pulled back marginally yesterday. Brent crude, down 0.3 per cent to US$74.5 per barrel, also suggests a lack of fresh catalysts to drive oil prices higher, though tariff-induced disruptions to global trade could change that picture quickly.

Across the Atlantic, Europe offers a contrasting narrative that highlights the uneven impact of global economic pressures. The final March reading for the Eurozone Manufacturing PMI came in at 48.6, still below the 50 threshold that separates expansion from contraction. Yet, a bright spot emerged: output rose to 50.5, marking the first expansion in two years. This uptick suggests that European manufacturers might be finding their footing, perhaps buoyed by domestic demand or a weaker euro boosting exports.

Inflation, meanwhile, cooled to 2.2 per cent in March, its lowest since January 2022, bolstering expectations that the European Central Bank (ECB) will cut interest rates later this month. European equity indices broadly ended in the green yesterday, reflecting a degree of optimism that stands in stark contrast to the US’s tariff-driven angst.

From my perspective, this divergence underscores a critical point: while Trump’s tariffs aim to protect US interests, they could inadvertently hand a competitive edge to Europe, at least in the short term, by driving up costs for American firms and consumers.

In Asia, the mood is more mixed as markets brace for the tariff hammer to fall. The Reserve Bank of Australia (RBA) held interest rates steady at 4.1 per cent, as expected, and struck a neutral tone in its commentary. This decision reflects a balancing act—acknowledging global uncertainties like tariffs while keeping an eye on domestic inflation and growth. Asian equity indices showed a split performance in early trading today, with some markets holding up while others faltered.

The impending tariffs, now just hours away, are clearly weighing on sentiment, particularly for export-heavy economies like China, Japan, and South Korea. I suspect that Asia’s reaction will hinge heavily on the specifics of Trump’s announcement—targeted tariffs on China, for instance, could spark a sharper sell-off, while a broader, less discriminatory approach might spread the pain more evenly across the region.

Turning to the cryptocurrency space, Bitcoin and Ethereum offer a fascinating subplot amid this tariff-fueled uncertainty. Bitcoin has clawed its way back above US$84,000, posting a nearly two per cent gain in the past 24 hours after weeks of weakness that saw it struggle to breach US$89,000. This resilience is noteworthy, especially given the headwinds from global trade tensions and a risk-off mood among retail investors.

Institutional interest, however, remains robust—firms like Tether and Strategy are making nine- and ten-figure Bitcoin buys, and GoMining’s new US$100 million Bitcoin mining fund targets institutional players with a “fully managed, compounding hashrate strategy.” Yet, the price isn’t budging much, which suggests a disconnect between institutional accumulation and broader market sentiment.

My take? Bitcoin’s recovery is a sign of its growing status as a “digital gold” hedge, but it’s not immune to the macroeconomic storm brewing around “Liberation Day.” Technical analysis points to key resistance ahead at US$89,000—if it can’t break through, we might see another leg down.

Ethereum, meanwhile, has staged its own recovery, climbing above US$1,850 and consolidating around US$1,860. It’s trading above the 100-hourly simple moving average, with a bullish trend line forming at US$1,860 on the hourly chart. However, resistance looms near US$1,900 and US$1,920, and a failure to clear these levels could cap its upside.

Like Bitcoin, Ethereum’s fate is tied to broader market dynamics, and the tariff announcement could either bolster its safe-haven appeal or drag it down with risk assets. I see cryptocurrencies as a wild card in this scenario—capable of defying gravity if traditional markets falter, but vulnerable to a broader sell-off if recession fears take hold.

So, where does this leave us as “Liberation Day” dawns? Trump’s tariff gambit is a high-stakes roll of the dice. The intent—to reassert US economic dominance and revive manufacturing—has merit, but the execution risks sparking a global trade war, driving up inflation, and tipping an already wobbly US economy into recession. The data backs this up: manufacturing is contracting, input costs are soaring, and consumer confidence is cratering.

Markets are jittery, with equities volatile, yields falling, and gold near all-time highs. Europe might catch a break if it can capitalise on US missteps, but Asia faces a tougher road, especially if China bears the brunt of the tariffs. Cryptocurrencies, meanwhile, are a mixed bag—showing resilience but not invincibility.

For now, the markets are holding their breath too, and the next few days could set the tone for months to come. One thing’s for sure: we’re in for a wild ride.

 

Source: https://e27.co/beyond-the-announcement-the-ripple-effects-of-liberation-day-on-global-assets-20250402/

 

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

DeepSeeking the future: The ripple effect on tech, crypto, and global markets

DeepSeeking the future: The ripple effect on tech, crypto, and global markets

Key points:

  • Global market sentiment: Asian markets followed Wall Street’s sharp decline, with the S&P 500 and Nasdaq 100 dropping due to concerns over AI company valuations.
  • DeepSeek’s disruption: A Chinese AI startup, DeepSeek, introduced a groundbreaking open-source model, raising questions about the future of US tech giants.
  • US policy shifts: President Trump announced tariffs on foreign-produced semiconductors, pharmaceuticals, and metals to encourage domestic manufacturing.
  • Treasury leadership: Scott Bessent was confirmed as Treasury Secretary, signalling potential shifts in US economic policy.
  • Market movements: Treasury yields fell, the US Dollar stabilised, and commodities like gold and oil saw mixed performance.
  • Crypto developments: Eric Trump announced tax exemptions for US-based crypto projects to boost blockchain innovation.
  • Bitcoin and crypto market decline: Bitcoin dropped below $100,000 as DeepSeek’s rise disrupted global markets, including tech and crypto sectors.

Global market sentiment: A shift in confidence

Global markets are facing a wave of uncertainty, with Asian shares retreating after a tough session on Wall Street. The S&P 500 and Nasdaq 100 both took a hit on Monday, driven by growing concerns over the sustainability of US tech company valuations. The trigger? A Chinese AI startup, DeepSeek, unveiled a new open-source AI model that has investors questioning whether the high valuations of US AI companies are justified.

Adding to the unease, many Asian markets, including China and South Korea, were closed on Tuesday for Lunar New Year celebrations, leaving investors with limited opportunities to respond to the unfolding developments. Meanwhile, US equity futures suggested a flat opening, reflecting a cautious mood among traders.

DeepSeek’s disruption: A game-changer for AI

DeepSeek, a Chinese AI startup, has quickly become the centre of attention in the tech world. The company recently launched its open-source language model, R1, which has gained massive popularity in just a week. It’s now the top-rated free app on the Apple App Store in both the US and China, signalling its rapid adoption and appeal.

What makes DeepSeek’s model so disruptive is its accessibility. By offering a cost-effective, open-source alternative, the company has introduced a new level of competition in the AI space. This has raised concerns among investors about the future of US tech giants, particularly those heavily invested in AI. The shift from expensive hardware to more efficient software solutions could accelerate profitability in the AI industry, but it also introduces significant short-term volatility.

US policy shifts: Tariffs and new leadership

In a move to strengthen domestic manufacturing, President Trump announced plans to impose tariffs on foreign-produced semiconductors, pharmaceuticals, and certain metals. The goal is to reduce reliance on imports and encourage companies to produce goods within the US. While this policy could boost domestic industries, it may also lead to higher costs for consumers and potential trade tensions with key partners.

On the leadership front, Scott Bessent was confirmed as the new Treasury Secretary. Known for his support of gradual universal levies, Bessent’s appointment signals a potential shift in US economic policy. His approach aims to address income inequality while maintaining economic growth. However, markets have reacted cautiously, reflecting uncertainty about how his policies will play out in the long term.

Market movements: Mixed reactions across assets

Financial markets have been sending mixed signals amid the ongoing turbulence. The MSCI US index fell by 1.5 per cent, with tech stocks leading the decline at -5.5 per cent. On the other hand, the Financials sector managed to gain 0.9 per cent, offering a rare bright spot. Treasury yields also dropped, with the 10-year yield falling to 4.53 per cent and the two year yield to 4.20 per cent.

Commodities showed varied performance. Gold remained steady above US$2,700 per ounce despite a slight decline, while Brent crude oil fell by 1.8 per cent, nearing US$75 per barrel. The oil market’s movement reflects expectations that OPEC+ will stick to its current supply plan. Meanwhile, the US Dollar Index stabilised, consolidating its recent losses and signalling a period of relative calm after recent volatility.

Crypto developments: A boost for US innovation

The cryptocurrency sector received a significant boost with Eric Trump’s announcement of tax exemptions for US-based crypto projects. This policy is designed to encourage innovation within the United States and position the country as a global leader in blockchain and digital assets. By exempting domestic projects from capital gains tax while imposing a 30 per cent tax on foreign-based projects, the administration aims to attract talent and investment to the US.

The announcement specifically mentioned well-known projects like XRP (Ripple Labs) and HBAR (Hedera Hashgraph Network), signalling strong government support for established players in the crypto space. This move could pave the way for increased investment and innovation, further solidifying the US’s position as a hub for blockchain technology.

Also Read: Breaking barriers: How crypto is disrupting education funding

Bitcoin and crypto market decline: DeepSeek’s ripple effect

DeepSeek’s rise hasn’t just disrupted the tech sector—it’s also sent shockwaves through the cryptocurrency market. Bitcoin, which had been trading above US$100,000, fell below this key level on Monday. The decline was part of a broader market sell-off triggered by concerns over DeepSeek’s impact on global investment trends.

The rapid ascent of DeepSeek has raised questions about the future of AI and its intersection with other industries, including blockchain. As investors reassess their portfolios in light of these developments, the crypto market is likely to remain volatile. However, the long-term potential of blockchain technology remains strong, especially with recent US policy changes creating a more supportive environment for growth.

Conclusion

The global financial landscape is undergoing a period of rapid transformation, driven by technological breakthroughs, policy changes, and shifting market dynamics. DeepSeek’s emergence as a disruptive force in the AI space has highlighted the need for investors to adapt to a rapidly evolving environment. At the same time, US policy changes, including tariffs and crypto tax exemptions, reflect a strategic focus on fostering domestic growth and innovation.

While the short-term outlook is uncertain, these developments underscore the importance of staying informed and flexible. By diversifying investments and keeping an eye on emerging trends, investors can navigate the challenges and opportunities of this transformative era. The rise of DeepSeek and the evolving crypto landscape are reminders that innovation often comes with disruption—but also with immense potential.

 

Source: https://e27.co/deepseeking-the-future-the-ripple-effect-on-tech-crypto-and-global-markets-20250128/

 

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