Latest in Hiring: Ex-Bank of England Exec Jumps Into Crypto

Former pro at Meta, SoftBank joins Singapore-based blockchain gaming company

article-image

Blockworks exclusive art by axel Rangel

share

key takeaways

  • Bitget adds managing director to help connect centralized and decentralized finance
  • Fidelity Digital Assets looks to up hiring, while Coinbase expects to slow additions

Crypto technology provider Fireblocks hired a former Bank of England executive as its new CBDC and market infrastructure director.

Varun Paul, who will serve on Fireblocks’ corporate strategy team, was at the Bank of England for 14 years and ultimately led its fintech hub and future of finance initiatives.

“From CBDC [central bank digital currency] developments to the tokenization of traditional financial assets, bridging digital assets and blockchain technologies to traditional institutions at scale will require strong working relationships with the central bank community,” Fireblocks Head of Corporate Strategy Adam Levine said in a statement. 

Derivatives exchange Bitget appointed Gracy Chen as a managing director. She previously held executive roles at XRSPACE, a virtual reality technology company headquartered in Taipei.  

Bitget reported its all-time high derivatives trading volume of $8.7 billion earlier this year — a 300% increase from the year before.

Chen noted in a statement that she is an “avid investor” in crypto and seeks to help Bitget connect centralized and decentralized finance, “resulting in an expansive bridge to the vast web of crypto.”

Digital Entertainment Asset (DEA), a blockchain gaming and entertainment company based in Singapore, named Tatsuya Kohrogi as its head of global business.

Known for its gaming and decentralized finance (GameFi) platform PlayMining, which allows players to mine crypto while they play games, DEA has 2.4 million players worldwide. The company was founded in 2018 and is developing play-to-earn game JobTribes and an NFT marketplace.

Kohrogi served as a partner manager at Meta (formerly Facebook), where he worked with ad agencies in Japan. Prior to Meta, he was at SoftBank, where he held investment strategy, business development, sales management and digital marketing roles during his seven years at the company.

“As we begin to expand our business across Asia, Europe and North America, we are confident each region will grow under Tatsuya’s leadership,” DEA CEO Naohito Yoshida said in a statement.

In case you missed it, Fidelity Investments’ digital asset arm said it is seeking to double its headcount by the end of the year as it pushes to expand its support for assets other than bitcoin. The expansion would include hiring about 210 workers across client services, custody operations, execution services and technology building roles, a spokesperson told Blockworks earlier this week.  

Others are slowing down hiring amid the crypto market downturn. 

Coinbase Chief People Officer L.J. Brock wrote in a company post that the exchange has decided to take more “stringent measures” to slow its headcount growth in hopes of navigating uncertain waters.

Gemini founders Tyler and Cameron Winklevoss said in a Tuesday memo to employees that the company expects to cut 10% of its staff due to the ongoing crypto downturn, as well as macroeconomic and geopolitical factors.


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

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.

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 graphics (1).jpg

Research

In this report, we dive into crypto private market data to gather insights on where the future of the industry is headed. Despite a notable downturn in private raises, capital continues to infuse promising projects that aim to transform payments, banking, consumer experiences, community, and more, with 2023 being the fourth-largest year for crypto venture capital.

article-image

BUZZ holds shares of Coinbase, Robinhood and MicroStrategy

article-image

Opinion: Even though I didn’t pay for my “Diamond Hands” burger with BTC, don’t let that fool you into thinking that crypto’s development is futile

article-image

The results mark “a major positive inflection point,” one analyst says, as the exchange carries net income momentum into a crypto rally

article-image

While the slate of 10 US spot bitcoin funds have tallied $4.6 billion of net inflows thus far, half of the field is lagging the leaders

article-image

Trading volumes totalled $154 billion in Q4, including $125 billion in institutional volume

article-image

DeFi on Bitcoin is all the rage right now and Stacks is positioned to benefit