SustainaDAO Non-Fungible Talk

David Packham, Chintai

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Welcome to SustainaDAO Non-fungible Talk, a show about everything Web3 from the team of SustainaDAO, that includes me, your host, Lin Ning.

David Packham is the CEO and founder of Chintai. David founded Chintai in 2018 to promote the adoption of compliant digital assets that utilize blockchain technology to modernize capital markets for banks, asset managers, and SMEs. A financial industry veteran with more than 20 years of experience in banking, finance, and asset management with leading banks, including Credit Suisse, Goldman Sachs, Barclays Wealth, and HSBC Global Asset Management. David also served on the Board of Advisors to several Singapore start-ups, including Credify Inc and Worbli, and Treasurer on the Board of Trustees for deafPLUS, an organization championing integration and equality between deaf and hearing people in all areas of life. David graduated from the City University of London with MSc in Business Systems Analysis & Design and a Bachelor's in Business Economics from the University of Exeter. 

Chintai is a Singapore company regulated and licensed by the Monetary Authority of Singapore. Founded in 2019, the Chintai platform utilizes blockchain technology to modernize capital markets for banks, financial institutions, and asset managers. The end-to-end solution offers traditional finance companies a one-stop platform with a robust automated compliance engine powered by our proprietary solution Sentinel-AI. Chintai's product suite includes dynamic issuance, automated compliance, reporting, data reconciliation, cap table management, automated corporate actions, liquidity, instant settlement, and more. The strategic intent is to bridge the world of traditional finance with a blockchain technology platform and build a new competitive advantage with our clients.

More information about Chintai:

https://twitter.com/ChintaiNetwork

https://www.linkedin.com/company/chintai/ 

https://t.me/ChintaiNetwork

In a world of increasing regulation, David Packham and his team at Chintai are working to provide a compliant infrastructure for the digital asset market.

"The big difference is that our service was built to serve a real-world purpose. It was there to service the network, and as its requirements went up, you needed to do more leasing these tokens."

In this episode, you will learn the following:

  1. David started Chintai during the crypto winter of 2018. He had to innovate and knuckle down because there was no capital. A lot of the teams were working on half wages. David believes young people should be careful when setting up a business.
  2. There was a lot of volatility in the cryptocurrency market in 2018. It didn't change the vision of the company, but it shaped the vision. It helped reinforce the idea that there is going to be a need for compliance. It enabled them to say their idea about building out a compliance engine.
  3. Regulation is important for the digital asset market and for the overall blockchain world. Some of the best decentralized network systems over time will be enforced, with a fall of code being inherent in the smart contract as a governance mechanism for DeFi. It's about enabling partners and clients to be able to be on the website.
  4. There's going to be a massive increase in the size of the carbon offset or credit market over the next 20 years.
  5. Chintai wants to be able to enable everyone to become their own issuer and market operator of their own value, which are issued as digital assets. The first target for this is definitely the institutional level and the bigger entrepreneurs, where they've got a business concept, but eventually, it gets lower and lower down to individuals being able to just log in with a free account into the platform and issue things.
  6. There are risks around. Central bank digital currencies technology is a tool and it can be used or misused. Chintai is now operated in one private chain to create a decentralized system. It's a spectrum of decentralization versus centralization.
  7. In addition to carbon credits and microlending, blockchain technology can be used to improve the way the world works. The DeFi system, for example, could provide a way to provide relatively small amounts of capital to the Third World, where they can't access conventional banking, and it enables them to build something.
  8. Digital assets are an incredibly powerful tool that is being put in the hands of innovators globally. It's very much going to be down to them to come up with the ideas and push through with them. The industry has built out the tools to enable them to get on and do this.
  9. The crypto market is in a bear market again, but it's not as bad as the previous one. David advises entrepreneurs to be honest with themselves about whether what they're building is a good idea or not. They should focus on providing a real-world need and value and not chasing the money. Chintai believes that you can't simply accept no from VCs. You have to be tenacious and be able to take in valid critical feedback.

    10. Full transcript:

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