Malta MDX Security Token Exchange Adds Top Saxo Bank Executive To Board Of Directors

MDX or Malta Digital Exchange has named the head of Saxo bank tech division as one of its leading non-executive directors. Chris Truce, Head of Fintech in Saxo bank was appointed a non-executive director and is set to assume his role with the impending launch of the exchange.

In his reaction to him considering the advisory role at MDX, Chris Truce mentioned:

“It is incredibly exciting to be part of such an innovative company at the heart of Fintech revolution. I’m looking forward to being able to provide key strategic advice on how to harness new technologies and innovate the incumbent operating models.”

He further noted his expectations with the MDX exchange by stating,

“I expect MDX to be able to drive an unparalleled efficiency in gains and cost savings in the securities industry, and ultimately put value back in the hands of the investor.”

Background

Last September Malta Digital Exchange did announce an impending launch of their institutional-grade token exchange that would use the Paritech technology. Such a move sees MDX work into applying for a license from the Malta Financial Services Authority and begin work with local regulators to come online and achieve their growth.

The appointment of Chris Truce brings an array of skills and experience from his background in the Fintech scene. Truce is a mainstay in the industry with over 12-years’ experience in multiple roles within financial services. His specialties in digital business, development of Saxo OpenAPI, and e-commerce software have seen him become a valuable member of Saxo bank’s team since 2007.

Additionally, Chris Truce past stint in financial services has also seen him work in commercial sales positions within Australian and international investment banks such as ANZ, Macquarie and ING Bank.

Given Truce’s extensive knowledge, Executive Chairman of MDX, Rick Klink, took time to portray the importance of Chris Truce to the audience. In his statement, the MDX executive expressed his reaction to Chris Truce appointment and willingness to join the team.

Rick mentioned:

“We are privileged and fortunate to have someone of Chris’s skills and experience in joining the board of Malta Digital Exchange. Chris’s extensive experience in fanatical services and his in-depth knowledge and understanding of Fintech space would help drive MDX to the forefront of secure token exchanges globally.”

MDX’s Poaching Spree

With the expected MDX security token launch set to touch upon Virtual Financial Assets (VFA), it is understandable as to why the firm is sourcing for the best in the industry. Just earlier this month, Johan Ditz Lemche was appointed to become the new CEO of the Malta Exchange. The Danish national is well-known for his advanced management capabilities, and technical knowledge, stemming from his superior professional experience and management capabilities as a member of FMAM. Being a committee member of the Financial Markets Association Malta solidifies his sufficient expertise in managing MDX. And with security tokens looking to disrupt the existing capital markets, there is no denying MDX determined to use human skill to achieve fund management.