Ian de Bord left his job as head of digital assets at blue-chip consulting firm McKinsey & Company to join real-world assets startup Ondo Finance.
Mr. De Bode will become Ondo's Chief Strategy Officer and is a new hire to the company from the traditional large financial industry. Ondo founder and CEO Nathan Allman comes from Goldman Sachs' Digital Assets team. Ondo recently hired Goldman's former head of digital asset compliance as chief risk and compliance officer. Kate Wheeler, vice president of partnerships, is a former vice president at BlackRock.
read more: On-chain Treasury bonds offer new options for investors looking for safe haven
“I am now at a point where my passion for digital assets is beyond my ability. [McKinsey]” de Bode said of his departure in a LinkedIn post. “I fundamentally believe that digital assets will lead to an open and accessible financial system, and Ondo is the team that will make that happen.”
In a statement, Allman praised De Bode's “outstanding track record” and “forward-thinking approach to on-chain finance.” share At X.
Ondo specializes in tokenizing real-world assets. For example, its USDY stablecoin pays a yield guaranteed by U.S. Treasury bonds. Ondo also invested $95 million, backed by OUSG US Treasury tokens, into his BUIDL, BlackRock's on-chain money market fund.
read more: BlackRock clearly wants to take cryptocurrencies seriously. Unfortunately forever stupid.
Bitfarms is looking for a CEO
Canadian Bitcoin mining company BitFarms plans to change its CEO, the company announced on Monday.
L. Jeffrey Morphy, BitFarms' current president and CEO, will leave the company upon completion of the company's board of directors' search for a CEO. Morphy joined BitFarms in August 2020 and became CEO in December 2022, following the resignation of co-founder Emiliano Grodzki from the top role.
BitFarms Chairman Nicholas Bonta said in a statement that BitFarms is “evolving to meet the needs of rapidly growing investor interest in Bitcoin and Bitcoin mining around the world.”
Under Morphy's leadership, Bitfarms' stock price has risen more than 130% over the past year, but it has fallen more than 20% in the last month following a broader decline in mining stocks.
read more: Why most Bitcoin mining stocks are falling amid the continued rise in cryptocurrencies
Other notable recruitment news
- Sami Kassab became Partner at OSS Capital focused on decentralized AI network Bittensor. Mr. Kassab previously served as a research analyst at Messari.
- Stablecoin issuer Tether this week created an AI division and is hiring an AI engineer and an AI R&D director.
- Marco Manoppo has joined Singapore-based Primitive Ventures as an investor.
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