Digital & Technology

Swiss fintech increases Asian focus with new hire

Lykke, a Swiss fintech company building a global blockchain-powered marketplace, has hired Seamus Donoghue as head of its Singapore office.

This adds to the firm’s offices in the UK, Switzerland, Cyprus, Vanuatu and the US. 

Donoghue was most recently chief executive officer of Allocated Bullion Solutions, and has held positions at Bank of America Merrill Lynch, Barclays, Deutsche Bank, and JP Morgan.

“It is time for a fresh look at not just optimising 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,” he said. 

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.