{"id":"patrick-ngan","title":"Patrick Ngan","content":"**Patrick Ngan** is a finance and technology executive whose career has spanned investment banking, capital markets, payments, and digital assets. He is CEO of [Alchemy Pay](https://iq.wiki/wiki/alchemy-pay), and has also held leadership roles at A3A Capital, QFPay, and other financial and technology companies across Asia. [\\[2\\]](#cite-id-oRXo5NaIOE4VLWPM) \n\n## Education\n\nNgan graduated from the University of Southampton with an MSc in Accounting and Finance in 1998. He later attended Stanford University’s Graduate School of Business in 2016. [\\[3\\]](#cite-id-QuWq4WIVKgpNrSjz)  \n\n## Career\n\nNgan began his career in equity capital markets, holding roles at Lehman Brothers, HSBC, UBS, ABN AMRO, and Huatai Financial Holdings between 1999 and 2015. His work included equity capital markets, public and private financings, syndication, and block origination across Asian markets, including serving as Managing Director and Head of Asia Equity Capital Markets at Huatai Financial Holdings. From 2015 to 2018, Ngan was Group Vice President at Sanpower Group and served as a board director of Hamleys of London and CFO of C.BANNER. He subsequently moved into payments and fintech, co-founding QFPay in 2017 and serving as its CEO and co-founder, later becoming Chairman and co-founder of QFPay Japan. He also served as International CEO of Payment Cards Group in 2024.\n\nNgan has held several investment and corporate leadership positions alongside his work in payments and [digital assets](https://iq.wiki/wiki/digital-assets). He was Chairman and co-founder of Nova Vision Acquisition Corp., a Nasdaq-listed SPAC that completed a business combination with Real Messenger in 2024, and served as Chief Investment Officer of Zeta Network Group from October 2025 to February 2026. He is also CEO of A3A Capital, an advisory and investment firm, an independent non-executive director of Plus Group Holdings, and a board member, investor, and advisor to YouLianCloud. Ngan has been associated with [Alchemy Pay](https://iq.wiki/wiki/alchemy-pay) since its founding period, serving as a former CEO and co-founder and later as an advisor before returning as CEO in March 2026. In his current role, he oversees the company's payment infrastructure business, which connects [fiat](https://iq.wiki/wiki/fiat-money) and [digital-asset](https://iq.wiki/wiki/digital-assets) payment systems. [\\[4\\]](#cite-id-GPcUFZiQR4PxHMo2) \n\n## Interviews\n\n### Bitcoin Liquidity\n\nIn a December 2025 interview with AltCoinDesk, Ngan discussed Zeta Network Group’s strategy of building across the upstream, midstream, and downstream segments of the [digital asset](https://iq.wiki/wiki/digital-assets) ecosystem, including [Bitcoin](https://iq.wiki/wiki/bitcoin) [mining](https://iq.wiki/wiki/mining), treasury management, and liquidity strategies. He described the company’s $231 million [Bitcoin](https://iq.wiki/wiki/bitcoin) purchase as part of a broader effort to strengthen its balance sheet and position [Bitcoin](https://iq.wiki/wiki/bitcoin) as an increasingly institutional-grade asset rather than a speculative investment. Ngan argued that market corrections were a normal part of asset markets and that companies should focus on strategic allocation rather than attempting to time the market, while comparing [Bitcoin’s](https://iq.wiki/wiki/bitcoin) liquidity characteristics with those of traditional assets such as gold. He outlined Zeta Network’s evolution from holding [Bitcoin](https://iq.wiki/wiki/bitcoin) in its treasury toward generating yield through other [digital assets](https://iq.wiki/wiki/digital-assets) and eventually tokenized [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas), while emphasizing regulatory compliance, due diligence, education, and gradual institutional adoption.  [\\[5\\]](#cite-id-dsWVuM3EjwyYa1Zz) \n\n[YOUTUBE@VID](huWlvTwYpak)\n\n### Zeta Network\n\nIn a December 2025 interview at [Bitcoin MENA](https://iq.wiki/wiki/bitcoin), Ngan discussed his career in banking, payments, and publicly listed companies, as well as his role as Chief Investment Officer of Zeta Network. He described Zeta Network's focus on [Bitcoin](https://iq.wiki/wiki/bitcoin) [mining](https://iq.wiki/wiki/mining) and its strategy of operating across different parts of the [digital asset](https://iq.wiki/wiki/digital-assets) ecosystem, including its acquisition of approximately $230 million in [Bitcoin](https://iq.wiki/wiki/bitcoin) and plans to expand into [staking](https://iq.wiki/wiki/staking) and liquidity-related products. Ngan explained that the company intended to retain [mining](https://iq.wiki/wiki/mining) profits and reinvest them into additional [mining](https://iq.wiki/wiki/mining) operations and yield-generating [digital assets](https://iq.wiki/wiki/digital-assets) rather than primarily pursuing business-to-business services. He also discussed plans to diversify into tokenized [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas), including real estate, as the company's [mining](https://iq.wiki/wiki/mining) activities mature, while emphasizing liquidity and yield as important investment considerations. Ngan acknowledged [Bitcoin's](https://iq.wiki/wiki/bitcoin) volatility and characterized market corrections as part of the development of the asset class, while emphasizing the company's underlying mining operations and focus on [Bitcoin](https://iq.wiki/wiki/bitcoin) and tokenized [real-world assets](https://iq.wiki/wiki/real-world-assets-rwas). [\\[1\\]](#cite-id-79EFPtH6OA7Xx3Mq) \n\n[YOUTUBE@VID](_UJMlPPO5YA)","summary":"Patrick Ngan is a renowned executive in finance and tech, leading Alchemy Pay as CEO and co-founding QFPay. 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