SDAX Names Sunil Mascarenhas as New CEO

Singapore, 1 August 2025: Singapore’s Digital Asset Exchange (SDAX), today announced the appointment of Sunil Mascarenhas as Chief Executive Officer.

With over 30 years in international banking, Sunil brings a strong foundation in risk, governance, and cross-border business management. He has held senior leadership roles at Barclays, Deutsche Bank, Morgan Stanley, and ANZ, overseeing teams across Singapore, Hong Kong, London, Australia, and India. His experience spans investment and corporate banking, private wealth, asset management, and alternative investments. Throughout his career, Sunil has led large-scale, front-to-back initiatives across the three lines of defence, with particular focus on product governance, regulatory compliance, and enterprise-wide risk controls.

Sunil has led the development and oversight of global product approval frameworks, including for digital assets, and has been closely involved in regulatory and governance transformation across key markets. His experience includes cross-border due diligence and integration in the UK, Spain, and Asia Pacific, where he has worked across jurisdictions to align business objectives with evolving regulatory expectations. Throughout his career, Sunil has operated in complex, highly regulated environments, driving enterprise-wide initiatives that balance commercial ambition with rigorous risk and control standards. His ability to navigate these dynamics, design scalable operating frameworks, and bring together stakeholders across business, control, and regulatory functions positions him well to lead SDAX as it builds market credibility and engages a broader base of investors.

“SDAX is taking steps to strengthen its leadership and sharpen its strategic focus. Sunil brings that rare combination of strategic clarity, regulatory depth, and operational rigour. His experience across global financial institutions and ability to navigate and lead through complexity make him well-placed to guide SDAX forward with purpose”, said Azman Jaafar, Chairman of SDAX Financial Group.

Sunil holds a Master of Arts (Honours) in Economics from St John’s College, University of Cambridge.

For more information, visit our website here.

For media enquiries, please contact:

Josandi Thor

Managing Director, Brand and Communications

Tel: +65 9022 0129 I Email: [email protected]

About SDAX

Singapore’s Digital Asset Exchange (SDAX) is a MAS-regulated investment and trading platform serving institutional, accredited and retail investors. We provide access to fractionalised institutional-grade investment opportunities that have not previously been available to most investors. Our strength lies in private credit, real estate and impactful investment opportunities. SDAX partners with corporates, financial institutions and family offices to bring access to the underserved market.

At SDAX, we commit our expertise and technological know-how to unlock innovative investment opportunities to drive sustainable and impactful growth.

SDAX represents the merged entities of digital asset exchange Digiassets Exchange Singapore (SDAX) and fintech company, Minterest Holdings.

The merger and rebranding bring synergy for SDAX by combining capabilities to offer both a Digital Asset Exchange, regulated under its Recognised Market Operator (RMO) licence, and Capital Markets Services, regulated under its Capital Markets Services (CMS) licence.

Visit our website here.