Wednesday , 22 November 2017

Former Bitcoin exchange executive joins banking consortium R3

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Antony Lewis, the former director for business development at bitcoin exchange Paxos, has now joined private banking blockchain consortium led by New York-based R3.

Antony Lewis revealed his new position at R3 as the Director of the firm’s Lab & Research Centre in Singapore. Lewis was formerly the director for business development in Asia at Singaporean bitcoin exchange itBit that recently rebranded itself under the Paxos brand.

Antony Lewis

A bitcoin enthusiast, Lewis quit his job at Swiss bank Credit Suisse in 2013, before spending two years at the bitcoin exchange. In 2015, Lewis left itBit to become an independent blockchain researcher and consultant, before assuming his new role as director at R3’s research lab in Singapore.

Having previously opined that bitcoin as on online payment was one of the cryptocurrency’s most compelling use cases, a blog penned by Lewis previously read:

«To be clear, online payments never existed before Bitcoin. Previously, instructions were made online for offline settlement later, and always through intermediaries. Bitcoin is the first time consumers have truly been able to own a unique unforgeable digital asset».

R3 has, in recent months, notably started to include Asian financial institutions among its member ranks. China’s second largest insurer, the Ping An Group joined R3 in May 2016 followed by R3’s second Chinese member in China Merchants Bank, last month. Hong Kong-based life insurance giant AIA also joined the blockchain consortium in mid-2016.

Geographically, Asia is a significant hub for finance and trade, industries that are seen as the most attractive sectors for private blockchain enterprise.

One comment

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