trueDigital Names Former Bridgewater Associates Executive Thomas Kim as Chief Executive Officer

FinTech veteran to build on the company’s recent milestones in
bringing live digital-asset products to corporate, asset management and
institutional clients

NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/trueDigitalOTC?src=hash” target=”_blank”gt;#trueDigitalOTClt;/agt;–trueDigital
Holdings, LLC
, a global provider of financial infrastructure
technologies and products for the digital economy, announced today it
has appointed former Bridgewater Associates executive Thomas Kim as its
Chief Executive Officer and a Member of its Board of Directors.

Kim brings an extensive track record of trading technology leadership at
multiple major financial institutions and software providers to his role
at trueDigital. He joins the company following seven years with
Bridgewater Associates, where he most recently served as Chief Operating
Officer of the Investment Engine Group. Earlier in his career he held
positions as Managing Director at Lehman Brothers, responsible for the
Townsend Analytics Electronic Trading franchise, and held
executive-level roles at UNX and TradingScreen.

On the heels of trueDigital’s launch of Signature Bank’s
blockchain-based digital payments platform – the first project of its
kind to be approved by the New York State Department of Financial
Services – Kim will be tasked with further expanding the company’s
footprint across traditional financial institutions. Kim’s strategic
initiatives will include growing the list of banking and custody
partners for trueDigital’s payment, transfer and settlement platform,
and the rollout of new institutional-grade digital asset derivatives.

“Thomas brings the expertise and the boldness to carry forward our
vision of bringing blockchain-based financial technologies to life,”
said Sunil Hirani, trueDigital’s Founder and Member of the Board of
Directors. “His accomplishments at some of the world’s most
technologically-driven and demanding institutions speak to his ability
to think creatively and lead effectively. This will be instrumental as
we double down on our ambitions to innovate, grow and scale.”

“With the recent successes at Signature Bank and with its CFTC-approved
Bitcoin swaps, trueDigital is quickly building a reputation as a leader
in the convergence of digital and traditional finance,” said Thomas Kim,
CEO, trueDigital. “Transforming financial market infrastructure is an
ambitious goal, yet the progress to date shows the potential of
trueDigital’s technologies to modernize markets and bring digital assets
forward. The team, the thinking and the technology at trueDigital are
all attuned for significant growth, and I look forward to leading the
way.”

Kim will take oversight of trueDigital’s existing business development
initiatives, namely the upcoming launch of Bitcoin swaps trading in
2019. Following the CFTC’s approval of its physically deliverable
Bitcoin swap – the first of its kind – in 2018, trueDigital has been
steadily building institutional support for the product, successfully
attracting multiple institutions to connect to its soon-to-open
marketplace. trueDigital also recently hit a milestone with its
Signature Bank partnership, with the real-time, token-based payment
platform attracting a significant number of institutions within the
first 30 days of operation.

“I very much look forward to working with Thomas Kim in his new role as
CEO of trueDigital and believe that his depth of experience will help
further this platform’s vision of increasing efficiency, confidence, and
transparency for institutional investors in the digital assets space.
With Signet, trueDigital has staked out new fertile ground in the
cryptospace and we look to Thomas to continue to drive that innovative
spirit. Since ConsenSys established a partnership with trueDigital in
March of 2018, we’ve seen increasing institutional investor interest in
ether and other digital assets and look forward to continuing to develop
the infrastructure necessary for broad adoption,” said Joseph Lubin,
Founder of ConsenSys.

About trueDigital

trueDigital Holdings, LLC, a New York-based global financial technology
company, provides innovative solutions to financial markets utilizing
blockchain-based technologies to enable frictionless asset transfer and
settlement. trueDigital has also created the first-of-its-kind margined
deliverable swap contracts on Bitcoin as well as the first institutional
OTC-based digital asset reference rates. For additional information,
please visit www.truedgtl.com
or connect with the Company on Facebook,
Twitter
or LinkedIn.

Contacts

trueDigital
Kiran Midha, 646-787-8702
[email protected]

Articulate
Communications
Audra Tiner, 212-255-1198
[email protected]

error: Content is protected !!