Thailand appoints Dao5 founder Tekin and Movement founder Rushi as advisors. Next step: Bitcoin, Ether, or MOVE reserves?

According to local media reports, Wai Man Raymond Chu, director of (TIDC) of Thailand's National Economic and Social Development Commission, announced that he will appoint Tekin Salimi, founder of venture capital firm dao5, and Rushi Manche, co-founder of Movement Labs, as advisors. It is understood that the two will assist Thailand in developing the Block chain infrastructure and assist Thailand in completing digital transformation.

The TIDC, supported by the Thai government, appointed the founder of dao5 and Movement as advisors

Thailand International Digital Business and Financial Center (TIDC) is the first organization established specifically for the digital ecosystem, promoting digital business investment and innovation with the support of the Ministry of Digital Economy and Society (MDES) and the National Telecom Public Company Limited (NT) in Thailand.

Wai Man Raymond Chu said, "TIDC is Thailand's digital business organization. We are delighted to have world-class experts agree to serve as our advisors. Join us in developing Thailand's Blockchain, as Thailand is entering the digital financial era, which is the foundation of economic transformation. In the world of encryption and Blockchain, these two individuals are highly respected and important figures that many organizations are willing to collaborate with. They have experience in venture capital, Blockchain security, and decentralized finance (DeFi)."

Two consultants from Polychain background

Tekin Salimi is the founder of dao5 and a general partner of Polychain. Does it feel familiar? Because Polychain and dao5 are investors in Movement, this circle also includes the popular public chain Berachain, which is also the investment site of Polychain and dao5. In fact, dao5 has co-invested with Polychain 18 times.

Rushi Manche, as the co-founder of Movement, has previously appeared on the NYSE live broadcast of the New York Stock Exchange to talk about Web3, and was also invited to attend the dinner of David Sacks, the US AI encryption czar. Now he has been appointed as a crypto consultant in Thailand, showing the strength of the US chain and the forces behind it.

Rushi further revealed on Twitter that they are committed to:

Tokenization and issuance of stablecoins by the government

Decentralized training of AI networks

Strategic reserves of assets such as BTC, ETH, MOVE, etc.

Thailand achieves digital transformation with cryptocurrency

In fact, Thailand has been aggressively promoting crypto-friendly initiatives to achieve digital transformation recently. In addition to plans to pilot cryptocurrency payments in Phuket, there are also prospects for launching a tokenized securities cross-chain trading platform.

(Thai SEC promotes cross-chain trading platform for tokenized securities, expected to issue national bonds to support stablecoins)

This article Thailand appoints dao5 founder Tekin and movement founder Rushi as advisors, the next step is bit, ether, MOVE reserves? It first appeared in Chain News ABMedia.