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Dear <<First Name>>
 

Twenty months and counting…We are antifragile. We have expanded our team of passionate thinkers and doers, who are bustling about all the time. The past few weeks have stretched our bodies, minds and souls to another level but we are still not satisfied with the outcome: “Work in progress” is what defines us.
 

CryptoFabrik: introducing Order in Disorder


We have introduced our newest product to the world, in a way that was a bit of fun.




We want our friends out there – you – to be on our exclusive list of early users on this game-changing crypto-investing platform. Hit the waitlist button so you will get the latest on the launch.
CryptoFabrik waitlist!

Aspire to inspire


While we constantly dare ourselves to grow into something seemingly impossible, we also aspire to inspire others through sharing sessions we hold as teams or individuals.

Aside from the many other happenings, we have selected 2 favourites in this month to report.
 
I.
Our UX Designer Hanny Yeung definitely never stops to amaze us with his favourite endeavour, that is, systematically generating ideas to effectively co-create a product.

He led an introductory design thinking workshop in one of HK largest banks with 30 staff coming from various business lines with these three key takeaways,
  • How do startups innovate and change so fast, and how can you incorporate some of the practices in a large organisation? 
  • What is design thinking and how do you utilise it as a non-designer in the team?
  • How do you brainstorm without getting stuck?

The outcome of these 2 hours: 30 people (100% turn-up rate) used 70 minutes on a Monday evening, produced 60 pitches, went through 168 rounds of feedback and came up with 270 ideas for topics they chose to address. Hanny stressed that the spirit of ideation starts with “Done. Not perfect”, ideas get iterated, tested, used and tested again to become better. 

Everyone including the FinFabrik crew was in the flow. We were humbled to have received the positive feedback from the participants. Just to name a few:
 
“It was one of those events that I didn't feel sleepy. The event has engaged the participants fully and I would like to attend this kind of events more.”
 
“I had an amazing workshop with you yesterday and would like to join more in the future.”
 
“A good introduction to mini brainstorming method which is interactive and interesting.”
 


 

 

II.

Claire Wang, our Head of Data Strategy, also a proud alumnus of University of New South Wales (UNSW) shared with her fellow alumni the practical use case of blockchain technology, in an event co-hosted with CBA innovation lab in Hong Kong.

 

Claire used daily examples to simplify the concept of real asset tokenisation as one of the applications of blockchain technology, here is an excerpt of the speech from the evening:

“So how can we use blockchain technology to solve the problem? 
 
One of the solutions is called real asset tokenisation. In its simplest term, you take an asset, it can be anything, commercial buildings, jewellery, classic cars, artworks, then you digitise it by attaching a digital representation of it to an immutable ledger, in this case, a blockchain. 
 
I hear you ask, why do I bother with this? How is this different to say - REITs, Real Estate Investment Trusts (REITs). I suppose in the case of commercial buildings, the tokenisation structure provides liquidity and fractional ownership function just like REITs, but there are a lot of differences. Transaction cost, REITs are very expensive to set up, and typically hold a basket of properties rather than a single building, whereas in the case of tokenisation, you can just tokenise one building. You can tokenise your house, and instead of going to the bank to get a mortgage, you can sell tokens and make your repayment to a network of token owners. 
 
It is still early stage in terms of the development of using tokenisation as a funding model, but a lot is already happening in this space. Tokenising holiday houses, paintings, expensive watches, like I’ve mentioned, anything you can think of, could in theory be tokenised.
 
Another benefit that comes immediately after tokenisation is that you can trade your tokens on exchanges. I’ve got here what I call a hybrid architecture, what that means is that you still have a centralised marketplace, because you need a market to bring potential buyers and sellers together, but the clearing function can be decentralised, using blockchain, exchange can be done in a matter of seconds or minutes, not weeks or months.”  


Read the full transcript on our Medium account.
 

Team Spotlight:

Amanda Chan joined us from Velocity Business Solutions in mid-March bringing with her years of business development experience in financial and technology industry. In her current role, as Greater China sales lead, she will focus on developing our brokerage solutions.


A: Who are you?
 
Q: I landed on FF one month ago and am seeing my birthday fast approaching on the First of May. Yes, my birthday is on Labour Day! It seems to be reinforcing my identity: natural and typical labour…

Here is a bit of my “work” life that has always been filled with fun and twists since the age of 17.

My teenage passion was quite artistic and romantic! I went to Cambridge to attend a degree in fine art minoring fashion design on scholarship. Throughout the studies and the summers in between, I did all sorts of jobs like part-time baker, department store promoter, running a small business on my own to bulk-buy academic books and re-sell them to the Chinese literature schoolmates, apartment rental sharing for students. Back in the early days of online gaming, I worked for a small lottery and gaming company, similar to bet365.com nowadays, assisting bet settings, down to odd’s ratio and soccer bet modelling using excel sheets formulas and nothing much digitised. My professional and entrepreneurial life started very early in my life! I dropped out of the design school despite having good grades and re-entered business school a few years later back in Hong Kong.

I started to become a business developer in many different large corporations and MNC, like HK Cable TV, JCDecaux, National Geographic in the first 7 years of official work life.  After the year of financial tsunami hit, my ex-customer Head of Hong Kong at American Express invited me to join him in Global Corporate Payment Sales, where I got recognised a Peak Performer, an outstanding achievement because I was in the global top 2%. 

Having stepped into the FSI world, I drove my career path into fintech and helped a 20-year local market data provider, Infocast, to strategise its re-branding and bring on new sales from the brokerage market.

 
A: What do you care about?
 
Q: I came into contact with FinFabrik early 2018. I learnt that we are sharing the same vision – to help and improve the brokerage sector in Hong Kong and China.  Having rock-solid foundation and achievements in my career path so far, I am proud of who I am, someone who enjoys building things from scratch, learning new things, meeting new faces to enrich my life. FinFabrik is the place where it encourages out-of-box thinking and provides plenty of potentials as a start-up for me to add value.

At the same time, I care a lot about my work-life balance. I am a certified yoga instructor and a well-behaved decent whisky drinker, and I sleep a lot!  A small secret from me – I always take Labour Day off to celebrate my birthday since 17! :)

On closing



“You need perfect robustness for a crack not to end up crashing the system. Given the unattainability of perfect robustness, we need a mechanism by which the system regenerates itself continuously by using, rather than suffering from, random events, unpredictable shocks, stressors, and volatility.”
 
Nassim Nicholas Taleb, Antifragile: Things that Gain from Disorder



Fabulously yours,
The FinFabrik team
 
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FinFabrik · 7/F Remex Centre · 42 Wong Chuk Hang Road · Hong Kong · Hong Kong

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