Meyer Sandy Frucher – former Vice-Chairman of Nasdaq – joins OwlTing Group’s Board of Directors. The company aims to expand its operations and enter the international market. Mr. Frucher will guide the company’s growth strategy and facilitate the scaling process.
OwlTing provides blockchain solutions for industries that are looking for cost-effective resilience and transparency in the digital era. It offers services for the finance, hospitality, agriculture, logistics, and mobility industry. The company has been successful in its inland market in Taiwan, proving that the company is ready to enter the international market.
Mr. Fruchner was CEO of the Philadelphia Stock Exchange (PHLX). He negotiated its acquisition by Nasdaq in 2008. As a Nasdaq Vice-Chairman, he was responsible for the company’s relations in the international market. He still represents Nasdaq on the board of the Options Clearing Corporation (OCC).
“Stock Exchanges have enabled capital formation and job growth in the most developed countries, but far too many companies in the developing world have been left behind, unable to absorb the enormous costs of public listing or Environmental, Social and Governance reporting capabilities, and in some cases, simple payment systems. OwlTing’s affordable blockchain solutions are game-changing for growing companies around the world. I’m excited to support the management team’s global ambitions.” – Mr. Frucher stated.
“Blockchain are systems of automated trust. This industry is in its infancy. Consumers and regulators alike are changing their expectations. Consumers want proof that their goods did not exploit vulnerable people and investors want proof that their portfolio companies are reducing their carbon emissions. Shortages and trade disruptions are causing companies to reconsider their supply chains and whether automation via smart contracts can improve their bottom line. Distributed ledgers and blockchain have transformative potential for a world with new expectations.” – said Mr. Frucher.
Darren Wang, Founder and CEO of OwlTing said – “It is our pleasure to welcome Sandy to the OwlTing Group. Sandy’s embrace of technology at PHLX was visionary, and his leadership at Nasdaq and in the global exchange community guided the transformation of capital markets in the internet era. We are very early in the blockchain era, only recently moving from predictions and ‘hype’ to applications in production. Sandy’s experience in transforming capital markets and his global relationships will guide our growth strategy and add to our momentum.”