Arbitrum
Developer Names
Former Nasdaq Digital Assets
Chief to Lead Venture
Efforts
Arbitrum Developer Names Former Nasdaq Digital Assets Chief to Lead Venture
Efforts
Ira Auerbach will head Offchain Labs' Tandem division, bringing
traditional finance expertise to the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum scaling project.
By Vince Dioquino
Jan 10, 2025 Jan 10, 2025
2 min read
Ira Auerbach. Image: LinkedIn
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Former Nasdaq digital assets head Ira Auerbach has joined Arbitrum developer
Offchain Labs to lead Tandem, the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum scaling project's venture
capital and partnership division.
Auerbach brings extensive experience from traditional finance and crypto,
previously serving as Senior Vice President and Head of Digital Assets at
Nasdaq.
Before that, he held leadership positions at Gemini, including Global Head of
Gemini Prime. Auerbach's earlier career also includes roles at Palantir
Technologies, BGC Partners, and BNP Paribas• Объект организация » Организации по алфавиту » Организации на Bn » Bnp Paribas.
The appointment reveals how traditional finance talent is shifting to build on
crypto rails while leveraging their past experiences from Wall Street.
Auerbach will oversee Tandem operations as a partner studio and venture
capital arm, providing selected projects with technical expertise, research
support, financing, and go-to-market strategy assistance.
Projects under Tandem will work directly with Offchain Labs' executive
team and core developers, also known for developing Prysm, an Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
consensus client.
The Princeton-founded company has spent over six years on blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн research
and development, focusing on scaling solutions through products like Arbitrum
Orbit, Stylus, and Arbitrum Nitro.
Roughly three years since its launch, Arbitrum and the protocols around it
have maintained a lead among Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Layer 2 solutions, capturing over a
quarter of the sector with $2.8 billion in total value locked, ranking data
from CoinGecko shows.
Wall Street talents going onchain
Roughly 56% of Fortune 500 executives say that their companies are engaged
with blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн projects, according to a 2024 industry report published by
Coinbase.
In comparison, 48% of the executives surveyed believe that crypto has "the
potential to increase access" to the financial system to create wealth.
But the shift is also happening the other way around.
Crypto projects are looking at traditional finance talents to expand their
initiatives for institutional offerings, stablecoins, and ecosystem
compliance.
Recent examples include Galaxy Digital naming Tony Paquette as its new chief
financial officer. Paquette previously worked at Point72, a hedge fund, and
Bank of America• Экономика » Финансы » Банк » Банки США » Bank of America
• Экономика » Экономика США » Банки США » Bank of America
• Соединённые Штаты Америки (США) » Экономика США » Банки США » Bank of America
• Объект организация » Организации по алфавиту » Организации на Ba » Bank of America's Corporate Investments Group and Treasury division.
Digital asset management firm BitGo also tapped Ben Reynolds in November last
year. Reynolds was the former president of Silvergate Bank.
Reynolds' former bank was involved in the U.S• Соединённые Штаты Америки (США). banking crisis in 2023,
affecting major crypto companies offering institutional services.
Edited by Sebastian Sinclair
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