Sarah Olsen, a former govt at crypto alternate Gemini, has joined the ranks of JPMorgan’s blockchain workers, a spokesperson for the financial institution confirmed to The Block.
Olsen, who beforehand was a managing director at Gemini, joined JPMorgan in June, in keeping with her LinkedIn profile. As an govt director in JPMorgan’s company funding financial institution, Olsen will likely be answerable for enterprise improvement throughout the agency’s wholesale funds innovation group.
The rent is simply the financial institution’s newest high-profile acquisition from the digital asset world. JPMorgan not too long ago introduced on Mike Blandina, beforehand the chief govt of Intercontinental Trade enterprise Bakkt, to go up wholesale funds know-how, as Reuters reported in April.
JPMorgan’s blockchain enterprise spans various initiatives, together with a stablecoin-like challenge known as JPMCoin and Quorum, an enterprise model of public blockchain Ethereum. Earlier this 12 months, Reuters reported that JPMorgan was “in talks to merge” Quorum with crypto startup Consensys.
Throughout her time at Gemini, Olsen was concerned within the alternate’s efforts to push its personal stablecoin, the Gemini greenback. She left the corporate in March.
Olsen beforehand held positions in advertising at financial-services corporations together with Apollo World Administration and Brightwood Capital.
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