It was reported by CNBC on Tuesday, April 17th that Breanne Madigan a former Goldman Sachs executive has been hired as the head of institutional sales and strategy by the Crypto wallet Blockchain.com.
Madigan had previously worked at Goldman Sachs for nearly 14 years from 2003 to 2017 as an associate, Vice President, and finally, as the head of institutional wealth services, a department that kept track of $1.49 trillion worth of total assets back in 2017, as per reported by CNBC.
According to CNBC, Blockchain.com has 24 million active wallets.
CNBC also reported that the crypto wallet added a buy and sell feature for Bitcoin (BTC), which will soon be followed by Ethereum (ETH) and Bitcoin Cash (BCH), in 22 US states sometime within the first half of this year.
According to the statement given by Peter Smith, the CEO of Blockchain.com, it reads, “Breanne to her credentials can boast about a tested track record of adding value to her teams and her clients,” the statement further reads:
“As Blockchain continues to grow its institutional presence, no one better than her can help scale our business.”
In what looks to be the latest growing trend of former Wall Street giants and cash moving to the crypto circle, a report was displayed a week ago which stated that Goldman Sachs’s official Richard Kim would be appointed as the new Chief Operating Officer of a crypto merchant bank which is established and functioned by none other than Mike Novogratz, who himself is a former Wall Street official.
A couple of weeks back, it had been reported that George Soros’s, Fund Management will soon begin trading in crypto, and the Rockefeller’s venture capital arm has tied up with a crypto investment group to provide backing for Blockchain and crypto innovation.