Standard Chartered appoints new head of digital assets for Asia

Uk Jin

Summary

Standard Chartered said it is considering expanding its digital-asset business in Asia.
Standard Chartered said it has appointed Kavi Reget as head of digital assets for Asia.
The appointment is being viewed as a sign that the bank is stepping up the expansion of its digital-asset business, including virtual assets, tokenized assets, stablecoins and central bank digital currencies (CBDCs).

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British lender Standard Chartered is said to be weighing an expansion of its digital-asset business in Asia, including by appointing a new executive to lead the relevant division.

According to Blockhead on the 6th (Korea time), Standard Chartered said it has appointed Kavi Reget as head of digital assets for Asia. Reget will cover China, North Asia, South Asia and ASEAN, and will be based in Singapore.

Reget will also concurrently serve as head of the Global Public Sector Group. The appointment is being seen as a sign that Standard Chartered is accelerating the expansion of its digital-asset business spanning virtual assets (cryptocurrencies), tokenized assets, stablecoins (virtual assets whose value is pegged to fiat currencies) and central bank digital currencies (CBDCs).

Reget previously worked at The Wall Street Journal as China correspondent and Jerusalem bureau chief, and later handled sovereign debt credit advisory work at Goldman Sachs.