Welcome Frederik Køhler: e-Money’s new CFO
We’re excited to announce that Frederik Køhler has joined e-Money as Chief Financial Officer (CFO). Frederik brings in a wealth of experience to e-Money, with over 15 years of experience in the finance and banking industry.
With over 15 years of banking experience with large financial institutions, including Jyske Bank, Industrial and Commercial Bank of China, BMTRUST, Kaupthing Bank Luxembourg and Danske Bank. His roles have included investment advisor, relationship management, FX trading and treasury, across the European region. Frederik holds a Graduate Diploma in Business Administration, with concentration in finance from the prestigious Copenhagen Business School.
“I’m thrilled to be joining the e-Money team at a time of unprecedented growth in the blockchain space. e-Money has been on the forefront of innovation and I look forward to leveraging my experience in financial markets to accelerate our mission to bridge traditional financial services and distributed ledger technology” said Frederik Køhler, CFO e-Money.
“We are extremely pleased that Frederik Køhler has joined e-Money as our CFO. His experience in financial markets and expertise in developing partnerships with banks and other regulatory bodies will be key in driving the business forward. We look forward to working with him, as the Blockchain space and e-Money continues to grow,” said Martin Dyring-Andersen, e-Money, CEO and Founder.
The e-Money protocol is built for the issuance of a range of interest-bearing currency-backed stablecoins reflecting various world currencies. Each token is backed by a reserve of assets denominated in its underlying currency. e-Money currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK) and the Danish Krone (DKK) with a host of additional currencies pegged for release in 2021. The project is dedicated to total transparency with quarterly reserve audits performed by Ernst & Young.
Unlike most existing stablecoins which aim to maintain a static 1:1 peg with their underlying assets, the value of e-Money’s currency-backed tokens continually shifts in line with the interest accrued on the reserve assets. This means that holders benefit from the interest accrued on their assets while they sit securely in your wallet. The e-Money blockchain supports instant payments at scale and includes a DEX for easy conversion between currencies. e-Money expects to integrate with Cosmos Hub, Ethereum, Avalanche, and Elrond in the first half of 2021