Chris Truce, Head of Fintech for Saxo Bank joins the Malta Digital Exchange board of directors

Malta Digital Exchange has appointed Saxo Bank’s Chris Truce as the new non-executive director of MDX’s board of directors.

Chris Truce has over 15 years’ experience in the financial services industry with a proven global track record in digital business transformation and API ‘first’ project developments. As the Head of Fintech at Saxo Bank, Chris is responsible for the commercialisation of Saxo’s Open Banking Solutions and shaping the Banks Fintech partnership strategy. Prior to joining Saxo, Chris held several institutional sales roles in both Australian and international investment banks including ING Bank, ANZ Bank and Macquarie Bank. With his experience in global financial markets and fintech, Chris will assume an advisory role at MDX to direct strategic global growth.

“It is incredibly exciting to be a part of such an innovative company at the heart of the Fintech revolution. I’m looking forward to being able to provide key strategic advice on how to harness new technologies and innovate incumbent operating models. I expect MDX to be able to drive unparalleled efficiency gains and cost savings in the securities industry, ultimately putting value back in the hands of the investor,” Chris Truce said.

Malta Digital Exchange MDX is a multi-asset digital exchange, which focuses on security tokens and virtual financial assets (VFA). Featuring instant order matching T+0, adjustable and special fees (maker-taker), minimum and partial executions and limited and unlimited orders. Malta, being at the forefront of regulatory framework for blockchain regulation provides the perfect jurisdiction for MDX’s institutional-grade platform, along with its proprietary technology Paritech, designed for high volume and high-performance B2B clients.

“We are very privileged and fortunate to have someone of Chris’s skills and experience join the board of Malta Digital Exchange. Chris’s extensive experience in financial services, coupled with his in depth knowledge and understanding of the Fintech space will help drive MDX to the forefront of security token exchanges globally,” MDX’s Rick Klink said.

Security tokens are the next generation of regulated securities, which are being built on blockchain-based infrastructure rather than being restricted to legacy systems. MDX aims to become the world’s premier security token exchange, which will enable greater market efficiency, accessibility, liquidity and transparency within the capital markets.

/Public Release.