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Daniel Lee

Daniel Lee

Head of Web3, Banking Circle

I am the Head of Web3 for Banking Circle, a B2B Bank licensed in Luxembourg with branches in Denmark, Germany and the UK. I am responsible for the Web3 initiatives in Banking Circle and relationships with the digital asset community including initiatives on Tokenised Deposits. Banking Circle is regulated by the CSSF in Luxembourg and supervised as branches in UK by FCA, in Germany by BAFIN and in Denmark by the Danish FSA.

I left DBS in Dec 2021 after 22 years of service to set up a Digital Asset Custody and Prime Services Business in Europe. Together with Calvin Cheng, the former Nominated Member of Parliament in Singapore, we set up Damoon Technology Holdings AG, Damoon Technology (Europe) AG and Calvin Cheng Web 3.0 Holdings FZE (provisional licence from the DVARA). I am also an adviser in TechstormTV, an e-sports media company which has over 92 million subscribers.

I remain a board member of the Damoon Technology Holdings (Europe) AG. I am also on the board of directors of Coins U Trust, a crypto currency exchange that was co-founded by Xinxi Wang, who co-founded the Litecoin Foundation. I am also an advisor for Anchored Coins AG, a stablecoin issuer based in Switzerland.

I was the Head of Business and Listing for the DBS Digital Exchange and was in the founding team working on this project since 2018 which also included the set up of a Security Token Exchange (beside the cryptocurrency exchange) and Digital Asset Custody.

I was also involved in other blockchain related projects within the DBS Group including being part of the team that set-up Climate Impact X.

Prior to the DBS Digital Exchange, I was the Executive Director and Head of Electronic Trading servicing intermediaries (broker-clients), digital exchanges, high frequency traders and market makers in the electronic trading space. I have experience in dealing with various regulators and exchanges across the region. I was also responsible for the ETF business. Prior to joining DBS in 1999, I worked in equity sales, sales trading and research with WI Carr. Before that, I was doing research and was a Data Analysis Tutor at the University of Cambridge. I have an MBA from California State University with a GPA3.91 and an LLM in Commercial Law from the Northumbria University and a First Class Honours degree in Psychology from Queen’s University of Belfast. My MBA studies was sponsored by DBS Securities, while my LLM programme was sponsored by DBS Vickers Securities.