Today marks a significant milestone in our ongoing commitment to excellence and security with the appointment of Yuri Mushkin as Global Chief Risk Officer. Based in Singapore, Yuri brings a wealth of experience and a proven track record in risk management and capital markets.
Professional Background and Expertise
Yuri Mushkin joins us from McKinsey Investment Office ("MIO") Partners, a globally recognized investment advisory institution managing over $20 billion across public and private markets. With more than 20 years of experience in both traditional and digital assets, Yuri has held executive roles at leading multinational firms, including Goldman Sachs and McKinsey & Company.
In his new role, Yuri will lead our global risk strategy and oversee an independent enterprise risk function. He will report directly to the CEO and the Board of Directors, ensuring that risk management remains integral to our business operations and long-term vision.
Commitment to Robust Risk Management
Strong risk management has always been a cornerstone of our operational philosophy. Over the past decade, we have demonstrated resilience and adaptability through multiple market cycles, earning the trust of regulatory agencies, financial institutions, and corporate partners worldwide.
Yuri’s appointment underscores our dedication to maintaining the highest standards of security and compliance. His expertise will be instrumental in further developing products and services that meet the evolving expectations of our customers and stakeholders.
👉 Explore advanced risk management strategies
Global Expansion and Regulatory Compliance
Our commitment to building responsibly is reflected in our recent regulatory milestones:
- United Arab Emirates (UAE): On October 10, we announced becoming the first global crypto company in the UAE to offer AED banking rails for retail and institutional customers, following operational licensing.
- Singapore: In September, our local entity, OKX SG Pte. Ltd., received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).
- European Union: In July, we designated Malta as our Markets in Crypto-Assets (MiCA) hub, positioning us to serve over 450 million EU residents in the coming months.
These achievements highlight our proactive approach to adhering to regional regulations and expanding our global footprint responsibly.
Transparency and Proof of Reserves
We remain dedicated to transparency and security for our users. As part of this commitment, we publish our Proof of Reserves on a monthly basis. This practice provides verifiable evidence of our solvency and reinforces trust within our community.
👉 View our latest transparency reports
Frequently Asked Questions
What is the role of a Global Chief Risk Officer?
A Global Chief Risk Officer is responsible for developing and implementing an organization's overall risk management strategy. This includes identifying potential risks, establishing mitigation protocols, and ensuring compliance with international regulations to protect the company and its stakeholders.
Why is Proof of Reserves important?
Proof of Reserves is a critical auditing practice that verifies a company holds sufficient reserves to cover all customer balances. It enhances transparency, builds trust, and demonstrates financial stability, which is especially important in the digital asset industry.
How does regulatory licensing benefit users?
Obtaining licenses from major regulatory authorities, such as the MAS in Singapore or under MiCA in the EU, ensures that a platform operates under strict legal and financial guidelines. This provides users with increased security, legal protection, and assurance that the company adheres to high standards of operational integrity.
What experience does Yuri Mushkin bring to this role?
Yuri brings over two decades of experience in capital markets and risk management from prestigious firms like Goldman Sachs and McKinsey. His expertise spans both traditional finance and digital assets, making him uniquely qualified to lead global risk strategy.
How does strong risk management protect users?
Effective risk management frameworks protect users by safeguarding assets against market volatility, operational failures, and cybersecurity threats. They ensure that the platform remains solvent, secure, and compliant with laws, reducing the potential for financial loss.
What does having a MiCA hub in Malta enable?
Designating Malta as our MiCA hub allows us to comply with the European Union's comprehensive regulatory framework for crypto-assets. This enables us to offer a full range of products and services to all EU residents securely and legally.
This content is provided for informational purposes only and may refer to products not available in your region. It is not intended to offer investment advice, solicit the buying or selling of digital assets, or provide financial, legal, or tax guidance. Holding digital assets, including stablecoins, involves a high degree of risk and can be highly volatile. You should carefully consider your financial situation and consult a professional advisor for any questions related to your specific circumstances. Although prepared with reasonable care, no responsibility is accepted for any errors or omissions.
© 2025 OKX. This article may be reproduced or distributed in its entirety, or excerpts of up to 100 words may be used, provided such use is non-commercial. Any reproduction must include clear attribution: "This article is the property of © 2025 OKX and is used with permission."