Dear Pundians,

Today, we’re pleased to announce that Singapore will become the new global corporate headquarters for Pundi X.

As you know, we’ve been scaling rapidly and busily expanding our international operations, in the year since we were founded in Jakarta.

We’ve strategically chosen Singapore in recognition of the country’s encouraging stance towards blockchain technology, its ambitions to become a global blockchain hub and rising local demand for Pundi X products.

The Singapore HQ will oversee the rollout of the XPOS and, next year, the XPhone to our customers in Asia, Europe, Latin America, the Middle East and Africa.

We’ve been encouraged by the dynamism of the Singapore blockchain market. The country’s connectedness to the Asian region, talent pool and the early recognition of the economic potential of the blockchain industry have cemented our decision.

Most of our key executive team members will now be based in Singapore, including Vic, our recently-appointed Chief Investment Officer and a former COO for Transaction Banking, Asia Pacific for Bank of America Merrill Lynch.

Our founding office in Indonesia plays a key role to initiate projects to facilitate and increase financial inclusion through blockchain technology as it always does.

The move comes at an exciting stage in our development as a company. Still less than a year since the completion of our public token sale in January, our full-time equivalent workforce now exceeds 150 people; the Singapore headquarters will oversee other regional offices in Jakarta, Seoul, São Paulo, Shenzhen, Tokyo, London and more.


With your continued support, we’re looking forward to expanding our footprint even further through 2019.


Zac Cheah
CEO and Co-Founder
Pundi X