Adhara expands into Asia with the appointment of market expert, Stanley Yong

Home / News / Adhara expands into Asia with the appointment of market
expert, Stanley Yong

Adhara expands into Asia with the appointment of market
expert, Stanley Yong

Adhara has announced that it will be expanding its team and opening an office in
Singapore from 1 September 2019. Adhara is a leading software company that
provides liquidity management and international payments for decentralised
financial networks.
Stanley Yong has been appointed by Adhara to head the Singapore office and will
also be responsible for Adhara’s GroupNet product. GroupNet is one of Adhara’s
business lines, a solution specifically designed for a financial network operator or
groups of commercial banks delivering real time international payments and
liquidity management to participants.

Stanley spent nearly 10 years at the Monetary Authority of Singapore where he was
the Head of Innovation Acceleration, and previously, Deputy Director in areas of
models and market risk supervision. He led the research and development of
Project Ubin, the central bank’s multi-stage investigation of central bank digital
currency on distributed ledger technologies.
Peter Munnings, Co-founder of Adhara, who formerly worked with Stanley on
Project Ubin says “We have known Stan for a number of years. He has a deep
knowledge across central bank policy, processes and systems as well as various
blockchain technologies. It is fantastic that he is joining us at Adhara”.

More recently Stanley was Global Lead on Central Bank Digital Currency Solutions
and CTO at IBM. He has worked on scaling a number of projects at a global level and
is a specialist leader in blockchain and distributed ledger technology.
CEO and Co-founder of Adhara, Julio Faura, says “We believe that Adhara is well
placed to offer our GroupNet solution, building on the success of our recent project
with Union Bank (Philippines) and OCBC (Singapore) in the region. The appointment
of Stan is testament to our growth as we believe in building a strong team with real
depth, expertise and experience in scaling solutions for liquidity management and
payments.”
“Adhara has made significant progress towards scaling blockchain solutions and it is
my job to make sure that we continue to deliver strong business value to our
customers based on this solid technology,” says Stan Yong
Adhara is headquartered in the UK and has development hubs in Spain and South
Africa.

Contacts:
Julio Faura
CEO and Co-Founder
[email protected]
+34 615 907 303
www.adhara.io

About Adhara
Adhara is a leading software company that provides real time, multi currency,
liquidity management and international payment solutions. Benefiting commercial
banks, their corporate clients, central banks or exchanges, Adhara’s platform
delivers certainty by atomically clearing and settling tokenized fiat payments over a
smart contract enabled distributed ledger. Together, these components provide
holistic liquidity management for payments and market making solutions that help
manage FX risk and leverage liquidity globally on a network in real time.
Adhara has global reach with development hubs in Spain & South Africa, as well as
business bases in UK and Singapore. Its diverse team has decades of experience
across commercial banking technology, capital markets, blockchain and product
design & development – including an Engineering team with excellence in
cryptography, enterprise systems and end user app development.