Alchemy Pay CEO Speaks During US Trade Mission to Singapore, Demonstrates Wider Crypto Acceptance


Singapore, Singapore–(Newsfile Corp. – Dec. 28, 2021) – This month’s Virtual Trade Mission for Blockchain, Crypto & Digital Asset Funds was hosted by the U.S. Embassy in Singapore and the U.S. Department of Trade. The event was an opportunity for Asian investors to meet leading US blockchain and crypto fund managers. The success of the event demonstrated that interest in crypto is growing and that the United States and Asia remain at the forefront of global support for this innovative technology.

For the Department of Commerce, this is an opportunity to work on expanding the position of US asset managers in the field of crypto and digital assets for Asian companies, and to introduce new avenues to do so. .

Asian investors had the opportunity to “speed-date” virtually with American fund managers. Guests were introduced to several investment strategies in 15-minute periods. Blockchain-related strategies these days include venture capital, hedge funds, and tokenization, to name a few. After a successful event, the closing speech was delivered by Alchemy pay‘s CEO, John Tan, on behalf of the recently formed Blockchain Infrastructure Alliance.

Despite the Chinese government’s decision to ban all crypto-related activities, Asia is still the world leader in crypto adoption and uses. Asia’s early adoption of NFTs and blockchain games has been a key driver of interest. Mark Zuckerberg’s recent pivot to the metaverse brings a new wave of crypto investments where the concept of the metaverse has been in development for a long time.

For the United States, the Trade mission is another sign that the industry is moving towards the mainstream and attracting the attention of mainstream investment institutions. This investment has supported digital assets and blockchain infrastructure in a variety of ways beyond just holding Bitcoin. High-profile projects such as the FTX exchange or MoonPay have received huge funding, demonstrating a growing belief in an economy around crypto. Indeed, investment in crypto startups has never been stronger. A report from the crypto data firm CB Insightsshowed that the third quarter of 2021 was the largest on record for investment in crypto startups, globally.

During his keynote, Tan highlighted the progress he has seen over the past 18 months and BIA’s ability to create a cohesive and connected infrastructure for the blockchain industry. He then remarked on the forward-thinking nature of the organizers and the importance of the event, “We are very pleased to see the positive approach that the US Department of Commerce is showing to the industry with this event here today. This trade mission shows the high level of investor interest in crypto and in all forms of digital assets.”

US blockchain-focused trade missions have so far taken place in Germany, Switzerland, Hong Kong, and Singapore. Jacob Katsof, vice president of who is leading the blockchain efforts, said 2022 will include trade missions to the United Arab Emirates, Mexico, the United Kingdom, in addition to Singapore, Hong Kong, Australia. Germany and Switzerland. These events are proof that mainstream society now recognizes a future in which blockchain technology and cryptocurrency will play a major role.

About Trade Missions

Trade Missions, in conjunction with the U.S. Department of Commerce’s International Trade Administration, organizes trade missions to help U.S. alternative asset fund managers connect with sources of capital. The goal of the trade mission is to help US fund managers raise capital outside of the United States. He has effectively helped many US fund managers to raise capital from all over the world.

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About BIA

The Blockchain Infrastructure Alliance (BIA) was founded by a group of seasoned incubators, with Alchemy Pay, Conflux Network, Polyon, NEAR and NEO as founding members. The BIA believes that sharing expertise, insights and resources is mutually beneficial as friends and industry veterans. They recognize that the expansion of blockchain networks has created new problems, and they see the need to provide infrastructure that connects blockchain.
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