CrossTower has hired former State Street and Goldman Sachs hedge fund administration veteran as its new CFO.
The Boston-based custodian will use middle- and back-office technology developed by Lukka to support its crypto fund admin services.
State Street’s head of digital partnerships and investments joins Lukka after leading the custodian’s investment in the digital asset firm.
Overwhelming percentage believe digital assets will become dominant over time, while 63% of over 200 survey participants have already begun developing a strategy.
Role will see a focus on advancing the company’s technology innovation, including further building capabilities in digital, crypto and other digitally-led technologies.
Custodian’s front-to-back strategy shift continues to see rewards with a third of mandates relating to Alpha.
Global Custodian’s 2019 Industry Person of the Year switches fund services for crypto software and data provider Lukka.
Apex has been mandated to provide trustee oversight services and back-office administration for the BTCE Bitcoin ETC.
The VanEck Bitcoin Trust is one of the most hotly anticipated crypto-tracking ETFs following several attempts by the investment manager to launch the fund.