MHC Digital Group appoints ex-Circle Asia CEO and VP Raagulan Pathy as Global Strategic Adviser to support MHC’s leading role in crypto adoption in Asia

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18 December 2024, Sydney, AUSTRALIA— Venture capitalist Mark Carnegie’s MHC Digital Group (“MHC”) today announced the appointment of ex-Circle Asia CEO, Raagulan Pathy, as Global Strategic Adviser to support MHC’s leading role in driving digital asset innovation and adoption in Asia.

Renowned as a global expert in stablecoins, Raagulan Pathy joins MHC with extensive expertise in the digital asset space across the Asia-Pacific region, including serving as CEO of global financial technology firm Circle in Singapore and Vice President for the Asia Pacific, where he was responsible for establishing Circle’s presence in the region. Prior to Circle, Mr. Pathy spent a decade as an executive, building and scaling the Asian businesses for Zoom, Facebook and Amazon Web Services. He’s also the founder of his own NeoBank, Kast, which leverages stablecoin technology to provide payment solutions globally.

Mr. Pathy brings extensive experience at the intersection of traditional finance and blockchain technology and has played a leading role connecting financial institutions to cutting-edge digital asset solutions across the Asia-Pacific.

Founder and Executive Chairman of MHC Digital Group, Mark Carnegie, said: “As digital asset adoption accelerates globally, MHC Digital continues to forge strong alliances with key global players to progress the build and delivery of the future of finance. Raagulan’s appointment demonstrates MHC Digital’s commitment to building global, institutional-grade firepower in the sector. It’s about providing our clients with access to the world’s best problem-solvers in the digital asset space.”

Commenting on his appointment, Mr. Pathy said: “I’m looking forward to partnering with MHC Digital to help accelerate the growth of their platform throughout Australia and the broader APAC region. The opportunity to advance MHC’s journey as the leading provider of sophisticated solutions for institutional clients seeking digital asset exposure is a very compelling one. I’m also looking forward to continuing to collaborate across the MHC Digital and Kast platforms.”

Head of Global Markets at MHC Digital Group, Edward Carroll said: “The Asia Pacific region is ahead of the curve when it comes to digital asset adoption. Raagulan’s reputation and extensive network throughout Asia, combined with his deep expertise in institutional applications of blockchain technology, helps to cement MHC’s leading position in the region.

“We’re looking forward to leveraging his significant expertise to support our vision for a new era in digital finance in Australia and beyond,” he added.

The changing face of global finance

Founder and Executive Chairman of MHC Digital Group, Mark Carnegie, has been one of the first prominent financial figures in Australia to advocate proactively for regulation of the local cryptocurrency sector. As digital asset adoption accelerates globally, he has encouraged Australian regulators and institutional investors to consider the evolving role of crypto within the financial ecosystem.

Mr. Carnegie said the advent of Trump’s pro-crypto US Administration in 2025 marked a significant milestone for the maturation of digital assets globally but cautioned it could also become another missed opportunity for Australian investors without decisive action:

“There is only a short window in which we can engage and evolve with the fast-moving world of digital finance. Australian regulators have an opportunity to build on the progress already made by focusing on the practical steps needed for the implementation and integration of crypto into Australia’s financial system.”

The Australian Securities and Investment Commission (“ASIC”) recently sought industry feedback on proposed updates to its (INFO 225) digital asset guidance.

MHC Digital Group welcomed this development as a constructive step towards greater clarity for the sector and emphasised the importance of addressing key issues such as custody and asset segregation to further safeguard investor interests.

“We look forward to engaging with ASIC on this consultation to support the development of a regulatory regime that truly prioritises consumer protection, trust and market integrity,” Mr. Carnegie said following ASIC’s update on December 4. “Every Australian has a vested interest in creating a more resilient framework for digital asset investment in Australia.”

For more information, please visit www.mhcdigitalgroup.com

Press Contact Emily Parkinson Honner

+61 420 390 031

mhc@honner.com.au

About MHC Digital Group

MHC Digital Group is a leading digital assets platform designed to innovate and transform traditional financial markets. Leveraging the expertise and industry connections of Mark Carnegie, known for his successful track record in investment banking and asset management, the group has established a diversified digital asset offering that is uniquely positioned to meet the needs of today’s investors. Learn more at https://mhcdigitalgroup.com/

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