Crypto hiring: Dfns lands former Gemini, Genesis execs

Circle has added a longtime Goldman Sachs executive as the stablecoin issuer’s newest board member


Cube29/Shutterstock modified by Blockworks


Dfns, a Web3 wallet infrastructure and security firm, landed a pair of former Genesis and Gemini executives this week. 

John Conneely, who previously headed Genesis’ institutional custody, was brought onto the Dfns roster under the title of vice president of business development and sales. Genesis filed for Chapter 11 bankruptcy in January.

Conneely also spent time at Bakkt as the company’s institutional custody head. Dfns’ goal with the hire, the company said in a statement, is to tap Conneely’s custodial know-how to build out new solutions and broker additional partnerships. 

And Dfns hired Noah Cornwell as chief technology officer. Cornwell was Gemini’s engineering vice president for a little over two years, departing in March 2023. 

Dfns said that Cornwell will be a major asset as the company develops wallet-as-as-service products B2B and B2B2C organizations. 

Circle rounding out board

As for Circle, the USDC issuer selected Craig Broderick to round out its board of directors.

Broderick has worked for Goldman Sachs for 38 years, 32 of which were in risk management roles. He oversaw the bank’s credit, market, liquidity, operational, model, counterparty and insurance risks. 

Circle CEO and co-founder Jeremy Allaire in a statement said Broderick will be a key member of the team as the company pursues its “regulatory-first business approach.”

Separately, Heath Tarbert started Saturday as Circle’s chief legal officer and head of corporate affairs. His hiring was made public just days after the SEC brought forward the regulator’s lawsuits against Binance and Coinbase.

Other notable hires

  • Industry collective Blockchain Australia appointed Simon Callaghan as the organization’s chief executive. He leads the Digital Assets Program at the University of Cambridge and has advised a number of blockchain initiatives and projects.
  • Jayson Hobby, a vice president of product at Compound Labs, said he’d been promoted to chief executive of the company.

Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.


Upcoming Events

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2023

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

Salt Lake City, UT

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 […]

recent research

Research Report Cover Vertex.jpg


The proliferation of new perp DEXs has led to fragmented liquidity across various DEXs and chains. Vertex, known for its vertically-integrated DEX that includes spot, perpetual, and integrated money markets, is now tackling cross-chain liquidity fragmentation through horizontal integration with the launch of new Edge instances. Vertex's integrated offerings and cross-margined account structure amplify the benefits of new instances: native cross-chain spot trading, optimized cross-chain basis trading, consistent interest rates, reduced bridging friction, and more.


Partnering with EtherFi and Angle, the fully on-chain perp DEX features bespoke collateral



Gavin Wood introduced the next evolutionary step for the Polkadot network: the Join-Accumulate Machine, or JAM


The side events were the places to be at Consensus 2024, according to attendees


Also, who’s come out swinging in the spot ether ETF fee war — and who could undercut them


I know it is not in their nature, but US regulators could learn a lot by researching the digital asset frameworks that overseas regulators have already gotten right


Also, the ETF hype train can count out at least one member