Appointment of Technical Advisor to the company.
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String Metaverse Ltd has appointed Mr. Sai Kotha Venkata, a former technology leader at Capital One Inc. (USA) with about 19 years of experience, as Technical Advisor effective April 1, 2026. He is not related to any Director or KMP of the company. The company also announced plans to set up a Singapore-based technology entity to build a global 'Agentic Workforce Platform' for autonomous AI agents across financial markets, payments, and enterprise operations. The Singapore entity will be led by Executive Director Krishna Mohan Meenavalli, with proposed ownership of String Metaverse 25%, UM Family Trust 45%, Sai Kotha Venkata 25%, and a Key Personnel Pool 5%. Focus areas include tokenization of real-world assets, AI-driven risk management, high-frequency trading, stablecoin-based micropayments, and autonomous enterprise systems. The company's Canada-based fintech platform 'String Payx' is expected to support global agentic payment rails.
The announcement signals a strategic shift toward AI and fintech infrastructure, but investors should note the listed company will hold only 25% in the new Singapore venture while an undisclosed 'UM Family Trust' takes the largest 45% stake, raising questions about value accrual to public shareholders. The initiative is speculative, early-stage, and subject to regulatory approvals, so execution risk is significant.