CEO of London Metal Exchange Latest Finance Exec to Join Crypto Firm

Matthew Chamberlain is set to join digital asset custodian Komainu as its new chief executive


Komainu CEO Matthew Chamberlain


key takeaways

  • Japanese investment bank Nomura launched Komainu, a joint venture with CoinShares and Ledger, in 2020
  • Matthew Chamberlain held various leadership roles over nine years at London Metal Exchange, including CEO, COO and head of business development

Digital asset custodian Komainu has tasked incoming CEO Matthew Chamberlain with adding services for institutions eyeing a digital assets expansion.

Chamberlain is set to officially join Komainu later in the first quarter, a spokesperson told Blockworks. Henson Orser, Komainu’s acting CEO, will transition to president. 

The former head of the London Metal Exchange (LME) said Komainu’s regulated institutional custody platform and its hybrid servicing model combines the best of traditional and decentralized finance.

“I believe strongly in the transformative capacity of a blockchain-empowered world,” Chamberlain said in a statement. “But such technologies will only deliver their true potential when robust infrastructure exists to make them easily and reliably available to all those who wish to participate in this unprecedented period of financial democratization.”

The hire comes after Komainu raised $25 million in its Series A funding round last March. Alan Howard, co-founder of Brevan Howard and Elwood Asset Management, led the round.

The incoming CEO spent the last nine years at the LME. Most of the world’s non-ferrous metals business is conducted on the LME, totalling $11.6 trillion in 2020.

He served as LME’s CEO for the last five years, and previously worked as its chief operating officer, head of business development and head of strategy and implementation.

Chamberlain began his career at Citibank and went on to work for Perella Weinberg Partners and UBS, where he was involved in mergers and acquisitions with a focus on exchanges and financial market infrastructure. 

“The digital asset industry is maturing and needs experienced professionals to support the institutionalization shift at work,” CoinShares CEO Jean-Marie Mognetti said in a statement.  “Matthew’s professional background is key for Komainu’s development towards financial institutions.”

Japanese investment bank Nomura announced the launch of Komainu, a joint venture with CoinShares and Ledger, in 2018. The service, based in Channel Islands, officially launched in June 2020. 


Upcoming Events

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

MON - WED, MARCH 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience:  Attend expert-led panel discussions and fireside chats  Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts   Grow your network […]

recent research

Pyth Cover.jpg


Pyth is a low latency pull-based oracle. In a future that looks increasingly high frequency, with various alt L1s and L2s that have significantly shorter block times than Ethereum, and an explosion of “high-frequency” protocols such as oracle or CLOB perp DEXs, Pyth’s low latency oracle product looks much better positioned to capture a significant amount of market share in comparison to competitors.


Binance settlement “an important part of clearing the way for the next bull market cycle,” crypto hedge fund executive says


Hester Peirce reiterated Tuesday that court cases are not the only path to regulatory clarity for crypto, but her colleagues do not always agree


The indictment followed leaks Monday that a Binance settlement deal was forthcoming


The Binance executive is also reportedly set to make an appearance in a Seattle courtroom Tuesday


Monday developments reaffirmed the US as unfriendly to crypto while also offering a potential bullish outlook for segment firms, industry watchers say


It’s unclear what “actions” the CFTC, DOJ and Treasury will announce Tuesday afternoon