October 12, 2026
Standard Chartered Custody Service for Ripple's RLUSD
The announcement adds RLUSD to Standard Chartered's expanding roster of digital-asset services.
BLOCKCHAIN • CRYPTOCURRENCY • NARRATIVE JOURNALISM
Profile
NFT & Digital Art
Background and Early Life:Marvin Tong's background includes significant experience in tech, initially working for Tencent, one of China's tech giants.Career Progression:After recognizing the potential of blockchain and AI, Marvin pivoted to Web3 technologies.
He co-founded Phala Network in 2018, focusing on enhancing smart contract execution's security and privacy using TEEs.Key Achievements in Crypto/Web3:Co-founded Phala Network, which has become a key player in providing confidential computing solutions for blockchain.Pioneered the use of TEEs for secure, private computation on the blockchain, bridging Web2 and Web3.Notable Projects or Companies Founded/Led:Phala Network: A privacy-preserving cloud computing platform on Web3.0.Spore: Focused on AI agent technology, aiming to establish an AI civilization.Significant Controversies or Challenges:No major controversies have been documented; however, like many in the crypto space, he's likely navigated the complexities of market volatility and regulatory landscapes.Current Status and Recent Activities:As of early 2025, Marvin continues to lead Phala Network and engage in projects like Spore, emphasizing decentralized AI and privacy.
He's active on social platforms discussing the intersection of AI and blockchain, often highlighting the importance of privacy and decentralized governance.Impact on the Crypto/Web3 Space:His work has significantly advanced the conversation around privacy in decentralized networks.
By integrating AI with blockchain, he's pushing for a future where data sovereignty is paramount, influencing both technological development and philosophical discourse within the community.
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October 12, 2026
The announcement adds RLUSD to Standard Chartered's expanding roster of digital-asset services.
October 12, 2026
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