Blockchain professional services firm Wachsman opens new office in Singapore

Wachsman, a leading blockchain professional services firm, has announced its expansion to Asia and commenced operations from its Singapore office.

Headquartered in New York, and with offices in Dublin and downtown Singapore, Wachsman identified Asia as a priority market. With this expansion, it would be able to provide strategic advisory, event management, and public relations support to blockchain market leaders and pioneers in Asia, complementing service offerings in North America and Europe.

With its new Asia-Pacific headquarters, Wachsman will build upon its international client base and take a global approach to advancing the blockchain ecosystem. The firm has already hired local talent to bolster a contingent of six experienced personnel transferred to Singapore and aims to quadruple its current regional headcount with the creation of 20 new jobs by the conclusion of 2019.

“With its long-held reputation as a fintech hotspot, a birthplace of digital innovation, and as a favorable environment for blockchain adoption, Singapore was the clear choice for the next phase of our firm’s global expansion. Asia holds significant influence over the global blockchain industry, particularly at the protocol and development level,” David Wachsman, CEO of Wachsman, said.

“Our clients have often enquired about Wachsman’s global presence and today our footprint in Singapore enables us to provide coverage across every timezone. Our mission is to drive awareness and adoption of cutting-edge technologies that will better the world.”

Wachsman has grown to more than 100 employees worldwide, with a client portfolio of some of the largest companies and projects in the blockchain ecosystem, including Indiegogo, CoinDesk, Dash, Lisk, Aion, Steemit, Bitfinex, IOHK, Crypto Valley Association, NEO Global Capital, and aelf. The expansion to Asia follows the firm’s vast expansion of its New York operation and the announcement of 50 additional jobs in Dublin by the conclusion of 2020.

In its official release, Wachsman said that the opening of its Singapore office is a critical step for its Strategic Advisory Group (SAG), which provides business strategy and financial advisory services to blockchain companies and enterprises. Launched in June 2018, the division is led by Managing Director Michael Chang, who founded the blockchain coverage effort at Jefferies investment bank, and Associate Director Franklin Bi, formerly Blockchain Strategy Lead for J.P. Morgan.

Singapore seems to be one of the popular destinations for blockchain and crypto companies. Recently, Upbit operator Dunamu announced plans to launch a crypto exchange in the country. Binance has also announced the launch of Binance Singapore.