Cryptocurrency use may be close to mass adoption. Watch experts speak on the new asset class

(clockwise from top-left) Alex Svanevik, Co-Founder & CEO, Nansen; Hemant Mohapatra, Partner at Lightspeed Venture Partners; Rachel Phua of DealStreetAsia; and Jeth Soetoyo, founder & CEO, Pintu

Cryptocurrency use is not only growing but is also near mass adoption, according to Indonesian cryptocurrency exchange Pintu founder and CEO Jeth Soetoyo.

“What I see in Indonesia is that there are a lot of people who may not be interested in investing in crypto, but they jump into NFTs, or some of these crypto gaming projects,” Soetoyo said during a panel discussion – ‘Rise of the crypto asset class in SE Asia: Will the frenzy last?‘ – at the Asia PE-VC Summit 2021.

Soetoyo was joined by Hemant Mohapatra, a partner at Lightspeed Venture Partners; and Alex Svanevik, the co-founder and CEO of the Singapore-based Ethereum analytics platform Nansen, at the discussion.

Pintu had landed $35 million in a Series A+ funding round led by US-based Lightspeed in August 2021, months after it raised $6 million in a Series A financing in May.

According to Nansen’s Alex Svanevik, the market today has learned about the proven applications of blockchains as opposed to the last bull cycle of the digital currency in 2017.  Watch the video of the panel discussion on this emerging asset class.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.