Crypterium, the “crypto bank for everyone”, has hired James Davies as their Chief Financial Officer (CFO). Davies will oversee the payment partner and exchange integration and the all of the company’s finance functions.
Crypterium launched an initial coin offering (ICO) last October for a crowdsale for CRPT token. Crypterium claims to be the worlds largest ICO based on the number buyers with individuals from 153 different countries participating in the token offer. Apparently, over 68,000 people participated in the ICO. Tokens were soon after the offer closed in January. The ICO was based off the price of Bitcoin and today the market cap stands at just over $36 million (on January 6th at the close the amount was $51.6M)
Davies is described as a veteran of the Fintech industry with over 15 years of experience. Davies previously held the position of COO at London Derivatives Exchange, a Deutsche Börse and Societe Generale funded Swap Futures Exchange. He started his career as Lead Architect, and Product Manager at the Cantor Fitzgerald/BGC purchased Eccoware, the world’s first off-the-shelf high frequency trading platform. As Head of Sales at Trayport, James led the dramatic growth of the world’s leading commodity trade execution platform, including building the dominant platform for European Energy trading and Carbon Credit trading. James holds a bachelor’s degree in Physics from the University of Southampton.
“We’re very pleased to welcome James to the team,” said Co-founder and Financial Director, Austin Kimm. “His abundant industry knowledge is of the highest value to our organization and his contributions are going to play a major role in shaping Crypterium’s future.”
Cryperium is an ambitious startup that wants to create a digital crypto-bank providing a vertically integrated financial service to its customer base. Their website points to a mobile banking app that is blockchain based and digital currency friendly expected to be launched later this year.