🏦 Former Leader of Major Bank Transitions to Crypto Custody!
Daniel Lee, who previously proposed the establishment of DBS Digital Exchange, has just been appointed CEO of Cactus Custody (part of Matrixport). This is a clear signal of the maturation of Crypto for the Institutional Finance sector.
🔑 WHY IS THIS IMPORTANT?
- "TradFi" expert moves to the sector: Daniel Lee is a prominent figure from Banking Circle and has worked at DBS (the largest bank in Singapore). His transition to lead Cactus Custody indicates an irreversible convergence between traditional finance and crypto.
- Goal: Organizational Scale: Cactus Custody will expand its custody services, tokenized payment, and connect with DeFi to serve hedge funds, private banks, and family offices.
- Vision: Bridge & Tokenization: Mr. Lee emphasizes that custodial institutions must be a "bridge, not a barrier." He asserts: "Real-world assets on-chain (RWA) are not a trend, but an upgrade of financial infrastructure."
👉 Conclusion: This appointment reinforces the belief that the digital financial infrastructure (Custody, Settlement) is being robustly built to welcome a wave of significant capital from global institutions.
