Mr. Mehra is the CEO of the ASTOR Group, a private investment and advising company that works in the mining, technology, biotech, and real estate industries. He is an economist by background. He is well-known in the international business community and has over thirty years of expertise in the debt and equity capital markets.

In addition, he serves as an executive and non-executive director for a number of private and public firms. A large portion of his time is spent on non-profit endeavors in the fields of healthcare and education.

Mr. Mehra comes to Zumo at a critical juncture in the digital assets industry.

A turning point for the emerging market was reached in January when the US Securities and Exchange Commission (SEC) approved Bitcoin spot exchange-traded funds (ETFs). The billions of dollars investing in the new ETFs, according to both market observers and cryptocurrency aficionados, will bring cryptocurrency into the mainstream.

Professional investors now have another way to purchase the asset class: in March, the London Stock Exchange announced that it will begin accepting applications for the entry of exchange-traded notes (ETNs) backed by Bitcoin and Ether.

The CEO and founder of Zumo, Nick Jones, stated:

We are thrilled to have Ashwath join the Zumo team at a critical juncture in our sector. His extensive experience and broad skill set will enable us to leverage our regulatory edge and fortify our governance frameworks. The company is going to have a big year, and Ashwath's addition to the board is a welcome boost.

Zumo's non-executive director, Ashwath Mehra, continued:

"Recent developments have led to a surge in institutional interest in digital assets, and Zumo is well-positioned to play a pivotal role."

"The passion, ethics, and dedication of the Zumo team to advancing a compliant, sustainable digital assets industry that helps financial institutions safeguard their clients while assisting them in exploring the new opportunities available has greatly impressed me."

Along with Andy Downes, who has decades of experience in banking and fintech and is well-known for introducing innovative payment solutions to the market, Mr. Mehra is the newest member of Zumo's board.

The only full-stack infrastructure provider on the market is Zumo, a digital asset as a service platform. It makes it possible for financial institutions to introduce digital asset offerings designed with sustainability and compliance in mind. Through the company's Crypto Invest solution, enterprise clients may add integrated features to their current platforms that enable them to purchase, sell, and store digital assets.

In accordance with changing legislation and investor expectations, Zumo introduced Oxygen, the first of its kind - a comprehensive solution for financial institutions to monitor, reduce, and report on the carbon impact of digital currencies. Subsequently, Zumo assisted Jacobi Asset Management in launching the first decarbonized Bitcoin spot ETF in Europe, which was listed on Euronext Amsterdam. The asset management company chose Oxygen to give institutional investors access to Bitcoin in a way that is consistent with ESG values.

Zumo has demonstrated its steadfast commitment to achieving the best standards in regulatory compliance and consumer protection by becoming the first digital asset platform to integrate the tech-based criteria of the FCA's new financial marketing framework for cryptoassets.