Kelvin Ung

Kelvin Ung

Hong Kong, Hong Kong SAR
7K followers 500+ connections

About

A leader with a long track record of disrupting markets leveraging financial technology and regulatory innovation. Able to quickly build out sales, operations and technology functions leveraging personal network across finance and technology.

I am a builder, with a long term vision and track record in blending regulations, financial markets innovation and technology to disrupt markets.

Core skills:

- Economics and blockchain economies development
- Crypto for wealth management and legacy planning
- Building out sales and tech teams by leveraging personal network and brand.
- Designing regulatory compliant business models that are regulatory light and economically viable.
- Taking live new businesses models and solutions
- Network for liquidity providers with respect to blockchain investors, funds, and venture/PE firms.

Blockchain knowledge:
- Tokenisation
- DAO design/Defi
- Ethereum Smart Contracts (ERC20, ERC721, ERC1155 standards)
- DEX, staking and lending
- Understanding of Solana, Hyper ledger, Binance Smart Chain
- Have coded Smart contracts/WEB3.0

Strong network in blockchain from investors family offices, venture and internationally known multi-billion private equity firms.

Personal network with material crypto players around the world from blockchain CEOs, to the largest blockchain firms around the world. Consensys, Fidelity, R3, layer 2 blockchains, and CEX/DEX owners/founders/investors.

Designed and fundraised for $30m USD Seed investment into Digital Wealth investment [private equity platform sponsored by CLSA, private equity firm and a well-known large commercial real estate listed company in HK.

Built out and run Liquidnet in APAC (~$21m USD revenues after ~4 years). I was a director and responsible officer (SFC licensed type 1 & 7 ATS in Hong Kong). Liquidnet was the fintech unicorn serving buy-side institutions.

Notable Achievements
- Architected the first major Dark Pool in the major emerging markets with significant global reach with over $10.5B USD in Daily Liquidity and part of a business that oversaw $15 trillion+ USD AUM impacted
- Established Liquidnet as the #1 Alternative Trading Venue across Asia.
- Part of a team that was recognised as the 5th Fastest-Growing Private Companies by Inc 500
http://www.inc.com/news/articles/200410/inc500.html
- Collaborated to setup SFC Market Intelligence Programme
- Represented SFC at IOSCO (C4 Enforcement)

Career Networks: Blockchain investors, funds, CIOs, technology companies, venture funds, private equity, custodian banks, regulators, capital markets brokers, investment banks.

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Education

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Volunteer Experience

  • Team Member

    NextGenWell LP16

    - Present 10 years

    Children

    Creating Community Services Events Working with Low Income Family's and the Elderly. Target area is focussed around Cheung Sha Wan/Sham Shui Po Hong Kong.

    We collaborate with many community services centres across the area and also local school to hold events that create love and enjoy for the children and at the same time working with a pay it forward mindset that teaches children they can create anything that they want and they can help the elderly.

Projects

  • Building a next generation digital stock exchange

    Our mission to take Exchange trading to a 2.0 generation.
    We at Fusang are building a digital stock exchange 24x7 serving institutional investors only.
    Built for the sell side to enhance product access and distribution of institution investment product providing access to public, private and alternative asset all in on single ecosystem that bring instant unrivalled liquidity on a different scale.

    Other creators
  • Baikal - Digital Securities of private equity

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    Financial market place for registered in Singapore securitising private equity and private commercial real estate assets on the blockchain.

    Full life cycle settlement on the blockchain and integrated with SWIFT payments.

    Incubated by CLSA and co-invested with PE and real estate developer.

  • Architect of the first International Block Trading Platform to enter the India Market

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  • Darkpool with the most expansive coverage of Block Trading in Asia

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    Built Dark Pool operations across Asia from 4 initial markets (Hong Kong, Singapore, Korea and Japan (Offshore).

    Continued over the years to develop markets and partnerships to launch: Australia, (Japan Onshore) New Zealand, Indonesia, Malaysia, Philippines and Thailand.

  • SFC Remediation - Cash and Electronic Trading - Implementing Governance Frameworks and Risk Controls

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    This programme was focussed on handling SFC related remediation actions across the business and technology operations. Covering Best Execution, Management and Governance, Limit Controls, Client Suitability, IB Wide training programmes, Customer Training, Algorithm Control

Languages

  • English

    Native or bilingual proficiency

  • Cantonese

    Professional working proficiency

  • Mandarin

    Elementary proficiency

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