Hub Culture Appoints Asia Lead for Global Currency Expansion
11th Oct 2010
The development of Hub Culture's digital currency platform is powering expansive growth in Ven, one of the world's most sophisticated virtual currencies. Relative stability of the Ven in financial markets compared to singular national currencies is leading to interest in usage of the currency for a widening set of activities, including the growth of a private exchange platform for commodities like gold, silver, coal, diamonds and other assets. By pricing supplies in Ven, these market participants are reducing exchange rate risk and volatility in the exchange of physical commodity sets, helping to reduce uncertainty in globalized transactions.
Since Ven includes carbon futures as part of its basket components, these commodity based trades now include an extra benefit - integrated carbon offsets embedded in the price of the deal. This "greener commodity" approach helps to fulfill Hub Culture's social goals around improvement in information transparency and inclusion of non-traditional externalities in the Ven economy.
Formerly involved in venture capital operations for banking, financial services and mining/minerals in the international sector, Mr. Leung brings a wealth of contacts and financial expertise to the Ven currency platform. As Managing Director of the Asia Pacific region, he will be responsible for introducing sources of supply to the Ven exchange platform in commodity and wholesale sectors.
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