Gambit Custody has announced the appointment of Melvyn Ho as its new Co-founder and Chief Operating Officer in a bid to strengthen its position in the digital asset custody market.

The company had secured in-principle approval from the Securities Commission Malaysia for its Digital Asset Custodian (DAC) license in October last year.

Formerly the Deputy CEO of MX Global Exchange, a licensed digital asset exchange, Melvyn brings his expertise in regulatory compliance to his new leadership position.

Datuk Clifford Hii, CEO of Gambit Group, highlighted Ho’s proven track record in regulatory navigation within the digital asset space, emphasizing the company’s commitment to strict regulatory compliance.

Melvyn Ho added,

“I see significant opportunities in this space as regulators worldwide strive to establish robust frameworks for user protection. Supporting innovations that foster resilient companies and blockchain projects is crucial for enhancing public confidence.

 

However, it’s more important to emphasise that at the core of any innovation or user protection initiative is a secure storage environment of digital assets – which I believe Gambit is working towards.”

Featured image credit: Edited from Freepik