Three JP Morgan executives leave the bank for blockchain projects

This week, the bank JP Morgan saw the departure of three of its executives for the benefit of various blockchain projects. Among these projects, we find the investment fund Pantera Capital, the Algorand foundation as well as the parent company of Grayscale.

From JP Morgan to Blockchain

It is not uncommon to see talent from the traditional world migrate to blockchainbut this week we learn that three executives of JP Morgan have resigned to join our ecosystem.

Let’s start with Puja Samuel. After 3 years designing new products and solutions for the famous bank, she joins Digital Currency Group. It is actually the parent company of asset manager Grayscale and crypto media CoinDesk. There, Puja Samuel will be responsible for the department responsible for developing new partnerships with companies.

For his part, Samir Shah, former head of asset management sales, becomes the COO of Pantera Capital. This investment fund, created by Dan Morehead, has a wide variety of investments in our ecosystem. We can for example cite Polkadot (DOT), StarkWare, FTX or Cosmos (ATOM). Samir Shah will have passed more than 12 years at JP Morgan.

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The Algorand Foundation is recruiting again at JP Morgan

Last February, the Aglorand Foundation, which develops the blockchain of the same name, appointed Staci Warden, a former director of JP Morgan, as CEO. After 20 years in the American bankit is now the turn by Eric Wraggeto join the project as global head of business development and capital markets.

Staci Warden, her former colleague and new boss, boasted his professional qualities :

“Eric Wragge has the vision, deep experience and technical skills to deliver meaningful opportunities for Algorand in financial markets of all kinds. He will transform our ability to provide innovative and disruptive solutions to many of the problems plaguing traditional finance today, and I couldn’t be more excited to have him on my side. »

For its part, JP Morgan also has a blockchain division through Onyx. On the other hand, it is a private network, which is aimed more at financial institutions, in particular thanks to its dollar-backed stablecoin, the JPM Coin. On the other hand, none of the three people quoted in this article worked within Onyx.

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Sources: CoinDesk, Algorand Foundation, Pantera Capital

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