Singapore-based fintech MetaVerse Green Exchange (MVGX) announced that it has appointed Meyer “Sandy” Frucher as its Vice Chairman.

In his new role, Sandy will be responsible for guiding the company toward establishing an interconnected global carbon infrastructure network with national registries, trading, clearing platforms, and enterprise resource planning (ERP) systems.

Previously, Sandy served as the Vice Chairman of NASDAQ for over 15 years where he was responsible for maintaining and managing global exchange relationships.

Launched in 2018 and headquartered in Singapore, MVGX is backed by its proprietary digital technologies and green exchange, and its subsidiaries are licensed by the Monetary Authority of Singapore (MAS).

To date, MVGX’s subsidiaries hold the Recognised Market Operator (RMO) license, Capital Market Service License for dealings in securities, and collective investment schemes, providing custodial services, as well as a Major Payment Institution license to provide services under the Payment Services Act.

Sandy Frucher

Sandy Frucher

Newly-appointed MVGX Vice Chairman Sandy Frucher said,

“As regulators and other industry stakeholders grapple with the complexities of the carbon market, there is a pressing need for a global interconnected carbon service infrastructure compatible with national registries, as well as trading and clearing platforms, in order to enable governments, investors, and businesses to meet their net-zero targets. I’m thrilled to be joining the team at MVGX, guiding them as they realize this very vision.”

Dr. Bo Bai

Dr. Bo Bai

Dr. Bo Bai, Executive Chairman and Co-Founder of MVGX said,

“Having overseen the digital transformation of PHLX, and having been part of the rapid expansion of NASDAQ as a global financial market technology giant, Sandy has a unique understanding of the realities facing governments, traditional bourses, and financial institutions today. With his long-standing industry expertise, I believe Sandy will play a vital role in setting us on the right path as we build an interconnected carbon infrastructure system in addition to operating a green exchange,”

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