Job Description

• Position: ​Digital ​Research ​(Singapore Pinetree ​Securities)
• Affiliate: Pinetree Securities Singapore ​(Hanwha ​Investment & ​Securities)
• Location: Singapore
• Position Type: ​Experiential Track ​(Full-time ​offer not ​available)

• Responsibilities

- ​Blockchain ​& ST Market ​Research

• Research ​blockchain-based businesses and ​ST ​markets ​in Singapore and ​Southeast Asia
• Analyze ​market ​data to ​identify promising ​blockchain ​players and collaboration ​opportunities

- HNW ​Client Materials Support

• Support development of client materials for high-net-worth (HNW) clients
• Assist with preparation of investment materials and client engagement support

• Required/Preferred Qualifications

- Language requirements : Fluent in English (written and spoken)

- Background in Economics, Business, Finance, or Accounting preferred; training in blockchain or

security tokens (ST) is a plus

   - Proficient in Microsoft Office (Word, Excel, PowerPoint)

   - Strong critical thinking, communication, research, and writing skills

   - Financial certifications or progress toward professional qualifications preferred

• Required Documents for Application

- Resume

- Case Study answer

※ Please write the answer within the length of 1~2 pages

Case Study

• Submit a detailed up to two-page analysis on one of the two questions below

*Choose one of the two questions to answer

*You do not need to answer both questions

Q1.

As blockchain adoption matures, traditional financial institutions and corporates are

increasingly exploring how distributed ledger technology can enhance business efficiencies.

The commercial viability of blockchain-based solutions depends on identifying firms for

which adoption meaningfully improves fundraising, investor access, operational efficiency,

or market reach relative to traditional infrastructure.

Your Task:

Conduct a focused case study on a target firm that you believe is well positioned to adopt

blockchain-enabled solutions into its business operations. Using publicly available

information and reasonable assumptions, research the firm and develop a concise pitch

explaining why blockchain adoption would be strategically and commercially attractive for

this firm. (This is not limited to insurance firms, financial institutions and retail companies.)

In your analysis:

• Explain how blockchain-based solutions (e.g. tokenization, digital securities infrastructure, distributed ledger technologies) could create economic or strategic value for the firm relative to traditional approaches
• Assess the firm’s commercial potential, including factors such as scalability, and long-term revenue opportunities/cost-savings enabled by blockchain adoption
• Identify key barriers to adoption (regulatory, liquidity, operational, or reputational) and discuss how these challenges could be mitigated by a blockchain service provider or strategic partner

Conclude by justifying why this firm represents a strong potential client or partner for a

blockchain-related advisory or platform business, from both a market demand and execution

perspective.

----------------------------

Q2.

As blockchain adoption accelerates within traditional finance, tokenization is expected to

expand beyond experimental use cases into a broader range of investable assets. However,

not all assets are equally suited for tokenization and investor demand is likely to concentrate

in segments that offer clear economic benefits and scalable liquidity.

Your Task:

Looking ahead over a 3-5 year horizon, identify and analyse one asset which you believe is

most likely tokenized and will deliver value for both investors and asset owners. Using your

own evaluation framework, forecast why this asset is positioned to grow in adoption and

potentially increase in value.

In your analysis:

• Identify a specific asset class which is well suited for tokenization
• Explain the key drivers that could support rising investor demand and value creation for this tokenized asset
• Evaluate the primary risks and adoption constraints for asset owners and investors associated with tokenizing this asset.

Logistics & Disclaimer

• This is a paid internship.
• Applicants are advised to thoroughly review their applications for accuracy and completeness before submission. We will not be responsible for any disadvantages in the selection process resulting from any errors or omissions.
• In the case of any fraudulent recruitment practices or suspicion of any unethical behavior, the offer of internship may be revoked.
• False information or failure to provide verifiable documentation when requested will result in the withdrawal of the internship offer.
• Individuals with registered disabilities and those eligible for veteran’s benefits will be given preferential treatment in accordance with relevant laws and internal regulations.
• All communication regarding the progress of your application and screening results will be conducted via email. Please ensure your email address is correctly entered.