Digital
asset infrastructure provider BitGo has elevated Brett Reeves to Head of
European Sales while maintaining his existing role as Head of Go Network. His
over two decades of experience at leading investment banks in London’s City, is
expected to support the company’s expansion across the European continent.
BitGo Expands European
Leadership, Names Brett Reeves to Head Regional Sales
In his
expanded position, Reeves will spearhead BitGo’s growth initiatives across
European markets, building upon his contributions since joining the firm in May
2024. His appointment comes as BitGo strengthens its
presence in both the
European Union and UK markets.
“Since
joining BitGo last year, it has been an intense and rewarding journey,” Reeves,
said. “Alongside growing the business our focus has been on obtaining the
necessary licenses to achieve MiCA compliance, ensuring we are fully prepared
for a comprehensive rollout of our Custody, Wallets, Staking, Trading and
Financing services across Europe.”
Reeves
brings two decades of financial services expertise to the role, having held
positions at major institutions including Citibank, and Nomura. He spent the
longest part of his career, nine years, at Standard Chartered Bank, where he
served as Executive Director, responsible for Prime Services Sales for FX and
IRS Brokerages. Prior to BitGo, he
served as Head of Business Development at Bequant, a regulated digital
asset prime broker.
BitGo,
established in 2013, currently serves over 1,500 institutional clients across
50 countries and secures approximately 20% of all on-chain Bitcoin transactions
by value. The company offers a comprehensive suite of services including
custody, wallets, staking, trading, and financing solutions through regulated
cold storage facilities.
“With a
growing team and increasing demand for secure, well-regulated digital asset
solutions, we are highly optimistic about the opportunities 2025 holds for us,”
Reeves concluded.
BitGo and FTX Money
As Finance
Magnates informed last month, collapsed cryptocurrency exchange FTX is set
to begin distributing funds to investors who experienced losses through partner
crypto firms, including Kraken and BitGo.
This
follows the court-approved Plan of Reorganization, which became effective on
January 3, 2025. FTX expects the initial round of distributions to occur within
60 days, contingent on meeting the necessary requirements.
BitGo is
also involved in facilitating recoveries for both retail and institutional
customers. Creditors eligible for the first distribution are required to
complete specific steps via the FTX Debtors’ customer portal to prepare for the
payouts.
Additionally,
BitGo has obtained the Major Payment Institution License from the Monetary
Authority of Singapore (MAS), following an earlier in-principle approval.
Singapore’s well-defined regulatory framework aligns with BitGo’s objective to
deliver secure and regulated digital asset services in the region.
This article was written by Damian Chmiel at www.financemagnates.com.
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