BlockFi Exec To Lead Google Cloud’s Web3 Efforts Across Asia-Pacific

After more than a decade at Bank of America Merrill Lynch, Rishi Ramchandi spent the last two-plus years at BlockFi, which filed for bankruptcy last month

article-image

Octus_Photography/Shutterstock.com modified by Blockworks

share

A former executive at now-bankrupt BlockFi is set to lead Google Cloud’s Web3 efforts in the Asia-Pacific region, as the tech giant moves deeper into the sector.

Rishi Ramchandi was a vice president for the Asia region at crypto lender BlockFi, which filed for bankruptcy last month as ripple effects of FTX’s demise spread.

Google Cloud Managing Director Mitesh Agarwal revealed Google’s hire of Ramchandi in a LinkedIn post Tuesday, having left BlockFi sometime this month.

Prior to his two-plus-year tenure at BlockFi, Ramchandi spent about a decade at Bank of America Merrill Lynch (now BofA Securities), where he worked as a global equities portfolio sales trader, as well as in other roles. He also co-founded PinAlpha, a financial research platform powered by artificial intelligence.

Ramchandi and Agarwal did not immediately return requests for comment. 

FTX in July offered BlockFi a $400 million revolving line of credit designed to keep it afloat after the collapse of Three Arrows Capital and others shook the market — and made a deal to acquire BlockFi outright for up to $240 million. BlockFi said a day before FTX’s bankruptcy that given the lack of clarity about FTX and its affiliates, such as Alameda Research, it was “not able to operate business as usual.”

WorkInCrypto.Global founder Sam Wellalage told Blockworks last month that executives from FTX and BlockFi he had spoken to wanted to remain in Web3 — noting that recent company collapses in the crypto space will ultimately be a positive for the industry.  

Sundar Pichai, CEO of Google parent company Alphabet, said earlier this year that the tech giant was “definitely looking at blockchain,” calling it “an interesting and powerful technology with broad applications.” 

Google’s cloud unit created a team in May to build services for developers running blockchain applications.

And in October, Google Cloud unveiled a node-hosting service for Web3 developers called the Blockchain Node Engine. The tool, designed to help build and deploy on blockchain-based applications and platforms, was initially set to support Ethereum. 

The company tweeted last month that Google Cloud was working with Solana to bring Blockchain Node Engine to that chain next year.

Google Cloud’s move into Web3 infrastructure mirrors Amazon’s offering, Managed Blockchain, which has supported Ethereum nodes-as-a-service since last year.

Updated Dec. 21, 2022 at 1:09 pm ET: Added additional context on BlockFi’s bankruptcy.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Brooklyn, NY

SUN - MON, JUN. 22 - 23, 2025

Blockworks and Cracked Labs are teaming up for the third installment of the Permissionless Hackathon, happening June 22–23, 2025 in Brooklyn, NY. This is a 36-hour IRL builder sprint where developers, designers, and creatives ship real projects solving real problems across […]

recent research

Research Report Templates (19).png

Research

Suilend has grown into the top money market and liquid staking provider on Sui. STEAMM, Suilend’s Superfluid AMM, presents a compelling avenue for growing market share within Sui’s DEX landscape and revenue generation for the protocol. Suilend’s multi-product suite position it well for owning market share across key verticals. While current metrics across the Sui ecosystem are likely inflated due to Sui Foundation incentive programs, SEND trades at amongst the lowest multiples in the lend/borrow sector, suggesting that a bull case for continued growth in the ecosystem may be mispriced.

article-image

Strive board member Ben Werkman expects thousands of firms to hold BTC, if only “to protect themselves”

article-image

To date, 12.6 million humans have scanned at a World Orb

article-image

One small step for man, one giant leap for Bitcoin

article-image

Jay Woods, Chief Global Strategist at Freedom Capital Markets, said it would be “very rare” for an acquisition to happen since the IPO may occur as soon as next week

article-image

Sponsored

Money is one of the most consequential pieces of infrastructure, and M0 believes its architecture should serve builders, not extract from them

article-image

The financial backwaters they laughed at might be the only thing keeping the dollar afloat