Crypto Trading Firm GSR Brings on Senior Hires from Goldman Sachs and Houlihan Lokey

Crypto trading firm GSR is having a good year. After hiring 25 new employees in 2020, the majority of which are in trading and engineering, the firm announced two new senior hires today. David Sola, former managing director of global investment […]

article-image
share

Crypto trading firm GSR is having a good year. After hiring 25 new employees in 2020, the majority of which are in trading and engineering, the firm announced two new senior hires today.

David Sola, former managing director of global investment bank Houlihan Lokey’s Financial Institutions group will become GSR’s COO and Trey Griggs, a former managing director at Goldman Sachs, will become CEO of GSR Services USA, a subsidiary of the global operation.

GSR’s new appointments continue the trend of Wall Street heavyweights making the move to digital assets as the market cap for crypto hit $1.5 trillion for the first time Sunday.

Prior to joining GSR, Sola was a managing director for SoftBank Europe, overseeing the conglomerate’s technology investments in the region.

More recently Sola ran point on Houlihan Lokey’s deal-making team in London, where he was the lead banker on M&A transactions totaling $80 billion over the better part of a decade.

Cristian Gil, GSR Co-Founder, said: “David’s appointment attests to the transformative impact that digital assets are having on financial services and to the substantial role that GSR is playing in this transformation. His expertise will be essential as we further accelerate GSR’s growth in this fast-moving space. We are thrilled to bring David on to our roster of team members from some of the top firms in finance.”

Sola and Griggs will hardly be the first employees at GSR with a Wall Street pedigree. Founded in 2013, the Hong Kong-based market maker and OTC trading desk’s two co-founders Rich Rosenbloom and Cristian Gil both hail from Goldman Sachs.

Trey Griggs worked alongside the co-founders at the investment banking giant leading Goldman’s North American Energy Risk Management activities.

“Trey’s energy market knowledge and leadership background in financial services will bring unparalleled experience to our company and customers,” noted GSR Co-Founder Richard Rosenblum.

“We have often recognized similarities between digital assets and traditional energy markets when it comes to risk management and product development, and look forward to drawing on Trey’s knowledge as we continue to grow our service and product offerings.”

The hires seem to confirm reports that trading desks are staffing up in anticipation of heightened demand for crypto assets.

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.

recent research

Unlocked by Template (11).png

Research

Union’s technical design brings measured improvements to crosschain interoperability. By combining a consensus-verified hub with novel constructs like state lenses and ZK proofs for client updates, Union achieves an interoperability protocol that is highly performant, trust-minimized, and scalable.

article-image

The Google Cloud Web3 lead outlined a new Layer 1 with CME piloting tokenization on its rails

by Blockworks /
article-image

Camp is looking to onboard licensors and creators to monetize their content for AI agents

article-image

The US regulator will use Nasdaq’s system to detect manipulation across derivatives and prediction markets

by Blockworks /
article-image

SOL and HYPE have rebounded, dYdX course corrects (again)

article-image

Over 100 crypto firms and advocates urge Congress to shield open-source builders and non-custodial providers

by Blockworks /
article-image

The probabilities app is finding mainstream success