Key Takeaways
- Allen Ng is co-founder of EVG, leading T-Rex, a platform that simplifies tokenizing real-world assets with blockchain.
- He is also a founding member of EVG, a Hong Kong-based venture studio shaping the next generation of blockchain products like Edgen and Aspen Digital.
- Before Web3, he was a Partner at AID Partners and an Entrepreneur in Residence at ZhenFund. He also co-founded The Cloudtech Group
Who Is Allen Ng?
Allen Ng is a Web3 entrepreneur and business builder, known for starting T-Rex, a platform that focuses on turning real-world assets into digital tokens using permissioned decentralized finance (DeFi) systems. He is also one of the founding partners of Everest Ventures Group (EVG), a venture studio and incubator behind some of the most successful blockchain products in Asia. With experience in investment, product development, and ecosystem strategy, Ng has made himself a key contributor to the growth of blockchain technology in Greater China and Southeast Asia.
Early Career Ventures
Allen Ng started his career in 2015 as an Entrepreneur in Residence at ZhenFund, a major early-stage investment firm located in Beijing. During this time, he looked into startup opportunities in the tech industry. In the same year, he co-founded The Cloudtech Group, gaining more hands-on experience with startups.
From 2015 to 2018, Ng worked as a Partner at AID Partners Capital Limited, a private investment firm in Hong Kong. His work focused on investments in media, technology, and consumer-facing businesses, helping him build expertise in growing companies by strategically investing capital.
Co-Founding Everest Ventures Group
In September 2018, Ng co-founded Everest Ventures Group (EVG) in Hong Kong. EVG was designed to be a next-generation venture studio, often referred to as “the Tencent of Web3.” The group focuses on incubating, building, and investing in blockchain products aimed at mass adoption.
Under Ng’s leadership, EVG launched several major platforms, including Edgen, a Web3 data layer that powers consumer insights, and Aspen Digital, a crypto asset management platform built for wealth managers and family offices.
Advisory Role at Animoca Brands
From September 2018 to January 2022, Allen Ng worked as the Lead Advisor at Animoca Brands. In this role, he played an important part in the company’s fundraising, mergers and acquisitions (M&A) strategy, and preparing for its listing, managing over $600 million in deals. He also helped with the release and growth of The Sandbox, which has become one of the most well-known metaverse platforms. Under Ng’s leadership, Everest Ventures Group provided exclusive advice to Animoca on several major rounds, including an $88 million raise at a $1 billion valuation and a $2.5 million funding round for The Sandbox.
Advisory Role at Dapper Labs
From July 2019 to December 2021, Ng served as Asia Advisor to Dapper Labs, the creators of CryptoKitties and NBA Top Shot. He worked closely with the founding team to help Dapper grow its presence in Greater China, Japan, Korea, and Southeast Asia, ensuring the company successfully entered Eastern markets.
The Creation of T-Rex
Allen Ng co-founded T-Rex to solve the scalability problems faced by DeFi protocols. The company focuses on creating solutions to improve the liquidity and efficiency of decentralized exchanges. T-Rex aims to make asset trading on decentralized platforms faster and cheaper. Under Ng’s leadership and vision, T-Rex has become an important player in the DeFi space, making major contributions to the development of new tools that benefit both users and liquidity providers.
Contributions to DeFi and Blockchain Innovation
Allen Ng’s work at T-Rex has had a major impact on DeFi protocols, especially in developing systems to manage liquidity and help decentralized exchanges scale more efficiently. The goal of T-Rex is to integrate new technologies to improve transaction efficiency and liquidity, making decentralized finance more accessible and practical for a wider audience.
Ng is also a strong supporter of improving blockchain infrastructure to ensure decentralized finance is secure and sustainable. He has worked on building solutions that allow for greater interoperability and lower transaction costs, positioning T-Rex as a leader in the blockchain space.
Challenges in DeFi and Blockchain Security
While Ng has played an important role in improving the scalability of DeFi platforms, he knows there are still challenges to overcome. Issues like security, liquidity, and maintaining decentralization while keeping performance high are problems that Ng and his team continue to work on. His focus is on building strong systems that solve these problems and make DeFi platforms more secure and functional.
Ng is especially committed to improving the infrastructure for decentralized exchanges, making sure they are scalable, secure, and efficient enough to handle growing transaction volumes. As DeFi grows and faces new challenges, Ng’s work is key to making sure decentralized apps can keep thriving.
Allen’s Impact on Web3
Allen Ng has played a key role in shaping Web3, bridging traditional finance with decentralized technologies. As co-founder of T-Rex, Ng has helped develop platforms that drive asset tokenization and decentralized finance, accelerating Web3 adoption. His work, particularly in Asia, has helped build scalable blockchain solutions, partnering with companies like Animoca Brands and Dapper Labs. Ng’s efforts continue to influence the growth of a more efficient and accessible Web3 ecosystem.
Final Thoughts
Allen Ng’s path from finance to co-founding T-Rex shows his dedication to the growth of decentralized finance. With strong expertise in both finance and blockchain, Ng has played an important role in shaping DeFi’s future. As the leader of T-Rex, he keeps pushing the limits of blockchain technology, focusing on improving scalability, liquidity, and security. As DeFi continues to grow, Ng’s work will be key to building a more efficient and secure decentralized financial system.
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