Malta Digital Exchange (MDX), which is developing a security token exchange platform, has named Chris Truce of Saxo Bank the new non-executive director of its board of directors, according to a press release seen by Cryptovest. Truce is the head of fintech at Danish investment bank Saxo Bank. He has worked in the financial services sector for more than 15 years and gained experience in digital business transformation and API-first developments.
At Saxo Bank, Truce is tasked with the commercialization of the bank’s Open Banking Solutions and the development of Saxo’s fintech partnership strategy.
Prior to working for Saxo, Truce had several roles at major investment banking firms. He was account manager at ING Bank Australia’s property and construction finance unit, assistant portfolio manager at ANZ Bank’s property finance unit, and an intern at Macquarie Bank in Australia.
Given his extensive knowledge and experience in fintech and global financial industry, Truce will hold an advisory role at Malta Digital Exchange, which will enable him to lead the company’s strategic global growth.
Chris Truce commented on his appointment:
“It is incredibly exciting to be a part of such an innovative company at the heart of the Fintech revolution. I’m looking forward to being able to provide key strategic advice on how to harness new technologies and innovate incumbent operating models. I expect MDX to be able to drive unparalleled efficiency gains and cost savings in the securities industry, ultimately putting value back in the hands of the investor.”
Rick Klink, an MDX executive and the founder of the company’s technology provider Paritech, commented:
“We are very privileged and fortunate to have someone of Chris’s skills and experience join the board of Malta Digital Exchange. Chris's extensive experience in financial services, coupled with his in-depth knowledge and understanding of the Fintech space will help drive MDX to the forefront of security token exchanges globally.”
MDX is about to launch a security token exchange that will touch upon virtual financial assets (VFA). Security tokens represent digitalized, blockchain-based securities, including company shares and bonds. They’re poised to transform the stock market as they ensure higher liquidity, transparency, security, convenience and lower costs.
Earlier this month, we reported that Johan Ditz, a committee member of the Financial Markets Association Malta (FMAM), joined MDX as its new CEO.