Crowd Genie sets up India office as part of its regional expansion
We continue to deliver on the road map in our Whitepaper!
Singapore-based company, CGSPV Pte. Ltd., a related company to Crowd Genie(www.crowd-genie.com), recently announced that it has setup an India office, and the appointment of Mr. Kunwar Singh, as its CTO. With this announcement, India will become both the development hub for the company, and one of the marekts where Crowd Genie might expand as it builds an Asia-Pacific Asset Exchange on Blockchain.
The India office will be based in Bangalore, and Mr. Kunwar will continue to be sited there. The India office will take on the development of the Asset Exchange, along with start the process for understanding the compliance and regulatory requirements for getting Indian assets on to the Genie Asset Exchange.
Mr. Kunwar is a highly experienced technology expert with more than 20 years of experience. Over the course of his career, he has developed platforms across a range of industries from telecom, to healthcare, and brings the ability to conceptualize and build the roadmap to scale up products. He has worked with companies like Infosys, and Nokia Siemens in the past, where he helped conceptualize and build mission critical Cloud-based applications. Additionally, he has most recently worked with Moxie Labs in India, where he spearheaded the move to incorporate health records of patients on the blockchain, and build a common physician and patient management system, underpinned by blockchain. He is an alumnus of the prestigious Indian Institute of Technology (IIT), and got it Masters in Business in Administration from Indian Institute of Management (IIM).
This announcement comes on the heels of the successful Token Sale, of CGCOIN, that closed on March 1st. 2018. As part of the roadmap as laid out in the Whitepaper (www.genieico.net) by the company, the Company plans to roll out the different parts of its Asset exchange over the next year, and will look to expand into Australia, New Zealand, and India over the same time frame. The CGCOIN is traded (Symbol: CGC) on HitBTC (www.hitbtc.com) and Cobinhood (www.cobinhood.com) exchanges.
We are very pleased that we are tracking in line with our roadmap for building a regional Asset exchange.
“This is a really exciting development for us, I am very happy to have Kunwar join our team. His considerable and diverse experience in product development and system architecture are going to be critical for bringing the vision of Genie Asset Exchange to life. Being the first to the market, would mean that Kunwar and the team will be forging a new path and architecture for the product. Additionally, potential entry into India, with it massive potential is a huge opportunity”, said Akshay Mehra, Crowd Genie’s Founder and CEO.
We expect to share further announcements in the near future on the product development being led by Kunwar.
The Genie Asset Exchange, is different from the other cryptocurrency exchanges, in that it will tokenize real-world assets, such as business loans, invoices and plant and machinery, make them tradeable on its exchange using CGCOIN tokens. As a result, the trading will have real businesses underlying them. Currently, there are no blockchain-based Asset Exchanges in Asia Pacific, and this would be the first of its kind in the region.
