Exclusive: India Will Be Core Hub for Web3 Innovation, Says Gemini APAC CEO

cryptonews.com:

In an exclusive interview with CryptoNews, Gemini APAC CEO and Global Chief Technology Officer (CTO), Pravjit Tiwana, shared insights into the company's strategic vision for India as their core hub for Web3 innovation. 

Tiwana believes that India will play a pivotal role in leading web3 innovation for Gemini and the broader web3 and crypto community.

As reported earlier, Gemini announced to invest $24 million to expand its presence in India in the coming few years. 

When talking about Gemini’s journey to India, Tiwana revealed that they were looking into multiple geographical locations to establish another development center before they zoned on to India for a few key reasons. He said, “how web3 will evolve will be shaped by this large set of population in Asia.” 

Another key factor that played a role for Gemini to decide on India to establish its development center is the country’s bar raising talent. He stated, 

“If you look into the history of software development, like the internet or be it cloud computing or digital transformation, India has always been in the forefront of leading that transformation with its talent. And we do believe that the same thing is going to be applicable for web3.”

Tiwana, who has held several product and engineering leadership roles at AWS, Disney and Microsoft, believes that Indian engineers and product managers will play a pivotal role in leading web3 innovation. 

A recent Chainalysis report ranked India at no.1 in terms of crypto adtoption. 

Regarding Gemini's strategy for India, Tiwana explained, "Our focus is to build our development center there from an engineering and product perspective." 

The products developed in India will have a global scope and are not limited to the Indian market. 

Whi