ASX and Media Announcement
Fatfish Internet Group Ltd (ASX:FFG) to invest into Cryptocurrency Exchange Project founded by Tony Mackay
• FFG will invest US$1 million into start-up project Kryptos-X, a virtual currency exchange to be set up by Australian entrepreneur Tony Mackay in Singapore.
• Kryptos-X will initially be offering services in Singapore in accordance with the Singaporean regulatory framework for digital token offerings, with expansion into other jurisdictions expected in the future.
• The new venture will provide FFG with exposure to the US$1.46 trillion (annually) cryptocurrency trading industry.
• Tony Mackay is best known as the founding CEO and Chairman of Chi-X Europe and Global, the alternative stock trading platforms that disrupted securities trading across Europe, Australia, Canada, and Japan.
• Tony Mackay will be appointed as a Non-Executive Director to FFG following the investment to advise and assist FFG in developing further applications of blockchain and cryptocurrency technology in the global financial market.
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