Henry Chong, Fusang - Laying the foundation for a sustainable stakeholder capitalism by enabling digital security ownership for all (S2E5)
Henry Chong is the Chief Executive Officer of the Fusang Group. At Fusang, Henry is responsible for the group’s overall strategic direction & mission. He works closely with global institutional investors and financial regulators to bring professionalism and structure to the industry, and is a regular keynote speaker on the subject of digital assets. He is also a member of the University of Oxford’s research group on digital assets law and regulation.
Fusang has evolved out of Portcullis, a family business, and Asia's biggest independent group of trust companies, a one-stop shop for corporate, trustee and fund administration services to high-net-worth individuals, family offices, philanthropies, private banks, and investment managers.
In our conversation, Henry takes the position that after the ICO and IEO waves of years past, the security token wave has not really arrived yet, and that there is "the most colossal hype/execution mismatch that I have ever seen." With Fusang, Henry is focused on building the foundational infrastructure ("the plumbing") that is required to set off that wave. Henry draws out a vision of a sustainable stakeholder capitalism where brands reward their customers and employees directly with equity, and the dividing line between customers and shareholders is eliminated, in order to create true loyalty through ownership rather than "points". With that, Henry also argues that while dis-intermediation is coming to financial services like any e-commerce business before, decentralization will run into a regulatory wall.
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