Welcome CMT Digital, Coinshares & Charles Songhurst Onboard the Shuttle
ShuttleOne attracts investments from Western investors to further DeFi for real world assets in South East Asia.
As we moved into the final quarter of 2020, ShuttleOne’s quest in South East Asia is strengthened with new equity investments from three stellar investors from the west.
CMT Digital
ShuttleOne has always been interested in working with thoughtful and strategic investors that we can call partners.
Today we are pleased to announce that CMT Digital, the Chicago-based investment firm focused on blockchain technology and cryptoasset ventures, has made a strategic investment in our firm.
“CMT Digital’s investment in ShuttleOne validates our novel blockchain-enabled technology and the potential of this growing industry in South East Asia. We are thrilled to be to be working alongside CMT as we continue our momentum forward.” — HongZhuang Lim, CEO ShuttleOne
CMT Digital has a significant portfolio of investments in well-established crypto-focused firms, in addition to early stage companies that are building the infrastructure for this growing industry and advancing key use cases. The team at CMT Digital, led and founded by Colleen Sullivan, takes pride in working closely with founders and has specific expertise in the regulatory environment which impacts our work in the age of creating programmable money. Before founding CMT Digital, Colleen was a practicing attorney and spent much of her career working closely with companies operating in the regulated financial services space globally.
“ShuttleOne’s unique blockchain-enabled mobile banking and risk assessment technology has potential to address longstanding institutional pain points while enabling increased financial access for residents across South East Asia,” said Colleen Sullivan, CEO of CMT Digital.
“We are happy to partner with HongZhuang and the purpose-driven team at ShuttleOne as they continue to scale the company.”
Coinshares Ventures
CoinShares’ mission is to expand access to the digital asset ecosystem while serving as trusted partners for our clients. They believe that Bitcoin and blockchain networks are landmark innovations that will fundamentally reshape the global financial system, and that investors should be able to participate in this transformation. They achieve this mission by providing institutional-grade investments products and services for digital asset investors. The CoinShares Group is a pioneer in digital asset investing and manages hundreds of millions in assets on behalf of a global investor base, with offices in Jersey, Stockholm, London, and New York. CoinShares Ventures is the venture capital arm of the CoinShares Group, and manages a family of funds for external investors.
We are excited to work with Zhuang and the S1 team to build a suite of financial products and services accessible to a wide audience of borrowers, lenders, and governments in South East Asia, a region of the world poised for tremendous economic growth. — Meltem Demirors, Chief Strategy Officer
In 2015, Coinshares’ flagship product Bitcoin Tracker One (XBT Provider) became the first bitcoin-referenced security available on a regulated exchange when it listed on Nasdaq Stockholm. In 2017, Ether Tracker One became the first ether-referenced security available on a regulated exchange when it listed on Nasdaq Stockholm. In 2019, Litecoin Tracker One became and XRP Tracker One became the first litecoin-referenced and XRP-referenced securities available on a regulated exchange in the EU when they listed on the Nordic Growth Market. The Certificates are available and traded in the same manner as any other share or instrument listed on their respective exchanges.
ShuttleOne and I are humbled by the investments from Coinshares whose team are pioneers in the digital asset financial services space in Europe. It will help ShuttleOne and South East Asia develop a fledging DeFi space to create not only innovate blockchain products but that is regulatory compliant for the real world. — HongZhuang Lim, CEO ShuttleOne
Charles Songhurst
Charles Songhurst is a founding partner of Katana Capital, a long-short equity hedge fund. He also runs the Songhurst Group, which holds assets in a variety of private companies. He invested in ShuttleOne as an angel in this round.
Charles ran corporate strategy for Microsoft and focused on partnering and M&A. He was involved in the Yahoo acquisition and commercial deal, and the Skype acquisition. Before running corporate strategy, Charles was focused on the emergence of Google and the growth of the search industry.
Prior, Charles was an analyst at McKinsey & Company in London. Charles received a bachelor’s degree from Oxford University in politics, philosophy, and economics.
We look forward to engage Charlie in his extensive experience he has in Silicon Valley with Microsoft and Google. His wisdom and guidance will provide valuable insights to build a global company that is innovative and competitive in nature. We thank Charlie in making a bet on ShuttleOne. — HongZhuang Lim, CEO
CMT Digital, Coinshares and Charlie joins the captable with our earlier investors Sirius Venture Capital, Andromeda, Maker Ecosystem Growth Holdings, XSQ Digital and our angels.
It is an honour and our pleasure for ShuttleOne to work alongside our shareholders to further our mission on the blockchain and digital currency.
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