Nuggets appoints Steve Lau Chairman as part of JV

Blockchain-powered payments and ID platform, Nuggets, has announced Chinese telecommunications entrepreneur Steve Lau as its Chairman. 

The appointment is part of a move to establish a joint venture – Nuggets China – to localise its offering in the world’s largest e-commerce market. Alastair Johnson, Founder and CEO, Nuggets, says: “Steve is the perfect person to drive our growth strategy in China and Asia. The Nuggets platform offers huge benefits for payment platforms and telecommunications firms in these regions, and his unrivalled experience positions him perfectly to make that case.”

Lau, who had previously acted as a strategic advisor to Nuggets, is Founder and Managing Partner of Eagles Fund, which has invested in over 200 projects across mobile internet, the Internet of Things (IoT), Internet Plus and blockchain. He is also Managing Partner of DFJ Dragon Fund.

He comments: “Ever since I joined Nuggets as a strategic advisor, the huge potential for this product in China and Asia has been obvious to me – particularly for big telecoms and payment firms. As Chairman, I’m excited to build on the great enthusiasm I saw for Nuggets during its recent China tech tour, and to help build an exceptional team to drive growth in this region.”