This week on WealthTech UnWrapped, Oi-Yee Choo, CEO at ADDX, shares about the impact of mass affluent investors’ needs on democratizing private markets and the applicability of blockchain in financial services.
Having been in large and notable financial services firms throughout her career, Oi-Yee understands the challenges of investment banking all too well. When she was introduced to blockchain technology, Oi-Yee recognized the doors that would open for retail investors to build wealth. Ned and Oi-Yee discuss the appeals of blockchain and tokenization as well as the intricacies of adopting such innovation. They also touch on the rise of digital assets in Singapore and how these strategies will impact the ecosystem locally.
Although the shift for incumbents on disruptive technologies is relatively slow, Oi-Yee finds that many institutions are keen to explore the possibilities of such transformation. Especially since the pandemic years, more firms are looking for ways to expand access for the mass affluent. Ultimately, the mission of introducing innovative and disruptive technologies to systems that have stayed stagnant is to push for more inclusive and efficient capital markets for all investors to build wealth.
