11th Oct 2010

Hub Culture Appoints Asia Lead for Global Currency Expansion

Hub Culture has appointed Jeffery Leung to lead the expansion of digital currency services in the Asia Pacific region and currency exchange services on a strategic global basis. The role is based in Hong Kong.

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.

Mr. Leung holds an BSc, Honors Imperial College London and an MSc, Financial Markets and Derivatives from London Metropolitan University. He was previously a Partner at Cadogan Capital, managed a number of entrepreneurial projects, and started his career at Kwong On Bank, Hong Kong (now part of the DBS Bank network).

For more information on Ven and the Hub Culture network at large, please visit: VEN PRESS

Contact:

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+44207 287 7824

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+447802426627

+85251992206

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