Dear Kyberians,

We have been busy, hard at work! :)

The key Kyber Network team members gathered at the Singapore office from 02–03 October for an alignment and business planning session. This was an excellent opportunity for us to discuss the latest development in the crypto-space, reaffirm objectives that we have promised and commit resources on the milestones for the year ahead.

New Advisors

As we have seen in the last few weeks, the landscape has evolved after several major announcements from various jurisdictions. These announcements introduced unpredictable elements that resulted in significant impacts in the sector, and they further reinforced the volatility of the market. Aligned with the general sentiment in the market, we expect a continual transformation of the ecosystem across different jurisdictions in the coming months.

Now that governments in different countries start to pay more attention to this up-and-coming technology, changes in the regulatory framework in the space are inevitable. At Kyber Network, we are aware of the implied complexities that could stem from these uncertainties, and the challenges that we would face as a company due to these announcements. In view of that, having relevant expert advisors to guide the team through unpredictabilities of the blockchain ecosystem is critical, for it could determine the continuity of the company amidst difficult times.

So, to ensure that we are covered in the regulatory, compliance and legal front, I am pleased to announce the addition of two key expert advisors to the Kyber Network team.

Chionh Chye Kit

Chionh Chye Kit (Advisor)

Chye Kit is the co-founder and Managing Director of Cynopsis Solutions, a Software-as-a-Service (Saas) company that specializes in regulatory, control and governance, anti-money laundering (AML) and counter terrorism financing (CTF) solutions to customers. To date, Cynopsis Solutions has served over 250 clients worldwide, including Kyber Network.

Prior to being an entrepreneur, Chye Kit spent about 15 years in the financial sector, notably as a Managing Director and Joint Regional Head of Compliance at Macquarie Group for Asia.

Aside being an accomplished compliance officer, Chye Kit is also an active speaker on the compliance subject. Due to his strong interest and exceptional understanding on the topic, Chye Kit had been invited to speak on numerous compliance-related seminars in Singapore and abroad.

In addition to providing easy, instant access to various compliance standards for major crypto-markets, Chye Kit will also guide the team on full-range strategies and policies for complying with anti-money laundering (AML), counter terrorism financing, and other mandatory requirements.

Kenneth Oh

Kenneth Oh (Advisor)

Kenneth is a practising lawyer and Senior Partner with Dentons Rodyk & Davidson’s Corporate Practice, and China/Indonesia Practices. Kenneth specializes in corporate finance, with almost two decades worth of experience in venture capital, private equity, IPOs/ICOs and post-IPO/ICO funding, as well as mergers and acquisitions. Kenneth is admired for his quickness of mind and has been widely regarded as one of the most creative lawyers in his area of interest. On top of his work in the legal sector, Kenneth is also a co-founder of a Monetary Authority of Singapore (MAS) licensed asset management/multi-family office group, Ferrell Financial and of boutique venture capital firm Omnibridge. He is also an independent director of several Singapore Stock Exchange and Hong Kong Stock Exchange listed companies and chairs their corporate governance committees.

As an advisor, Kenneth’s strong understanding of relevant laws and regulations will be especially useful for strategic and legal insights, which could ultimately give Kyber Network a sounder foundation to weather potential obstacles on the regulatory and corporate risk management front.

What does the appointments mean for Kyber Network?

At Kyber Network, an advisorship signifies a relationship between us and a trusted contributor that will propel Kyber Network ahead in the space that we are operating in. Both Chye Kit’s and Kenneth’s involvement as advisors to the Kyber Network team will benefit us greatly, and vital to ensure the success of our mainnet launch. Their presence in the team will have a very positive effect on our desire in building built-to-last company, and to equip us with the ability to anticipate and react to change.