Crypto Bank Appoints Deutsche Bank Executive as New CEO

Published at Fri, 10 May 2019 11:43:00 +0000 The new CEO, Kenan Altunis, will join the team in June of Founders Bank. Before this crypto lender, Altunis allegedly functioned as a co-head of the institutional client group at Deutsche Bank's corporate and investment bank, in which he was working with regulators and shareholders. Binance, an entrant of the 10 crypto exchanges by daily trading volume, invested in Founders Bank at July 2018 -- with allegedly invested in a stake together with other anchor shareholders -- although the valuation equates to $155 million. As reported at that time, Founders Bank was touted as the world decentralized, community-owned lender letting the owners to trouble legally-binding equity. According to the report, Founders Bank is working to Be Given a license from the Malta Financial Services Authority to operate in Europe. In securing services from conventional banking institutions, backed by global crypto exchange Binance, Founders Bank plans to assist crypto-related and blockchain firms, the report notes. Lately, blockchain safety and crypto firm BitGo appointed Wall Street trading veteran Nick Carmi as part of financial services. Formerly, Carmi functioned in the high-frequency trading company Tower Research Capital, that was founded by former proprietary trader at Credit Suisse as Global Head of FICC Business.