New York-based fintech company TrueDigital Holdings (TDH) announced the appointment of former Bridgewater Associates chief operating officer Thomas Kim as its new CEO through a post on its website on Feb. 19.
Before his time at Bridgewater Associates, which had almost $125 billion assets under management in 2018, Kim worked at now-defunct global financial services firm Lehman Brothers in charge of the Townsend Analytics Electronic Trading franchise.
According to today’s post, Kim will manage TrueDigital’s existing initiatives, such as the launch of Bitcoin (BTC) swaps planned for this year. In January of this year, blockchain platform Qtum also announced that it was introducing Bitcoin atomic swaps to its mainnet infrastructure.
TrueDigital’s announcement states that TrueDigital launched Signature Bank’s blockchain-based payment infrastructure earlier this year, which was approved by the Department of Financial Services of New York (NYDFS) in December 2018.
The aforementioned payment platform also attracted a “significant number of institutions within the first 30 days of operation,” according to the announcement.
As Cointelegraph reported in March of last year, TrueEX — whose affiliate is TDH — partnered with a blockchain tech company led by Ethereum (ETH) co-founder Joseph Lubin, ConsenSys, to create a benchmark rate for the price of Ethereum.