Digital Asset’s Europe Head Is Latest to Leave Enterprise Blockchain Startup

- Advertisement -

The upheaval continues at enterprise blockchain company Digital Asset (DA), with the news that Gavin Wells will step down from his role as head of Europe next month.

Oliver Hugh-Jones, head of business development for Europe, will assume all of Wells’ client-facing responsibilities, a spokeswoman for DA confirmed to CoinDesk Thursday. Wells’ departure was reported earlier by Risk, a financial industry publication.  

“I joined Digital Asset to learn about the technology, but I stayed because of the people I met there,” Wells told the magazine.

It is not clear where he will go. Before joining the company, Wells had senior foreign exchange positions at British clearing house LCH and global megabank Citigroup.

Key departures

Just over a week ago CoinDesk revealed that James Powell, CIO and CTO of engineering at Digital Asset, had left the software company. Powell’s responsibilities at DA were assumed by Shaul Kfir, the CTO of architecture and a member of the founding team.

These moves came in the wake of CEO Blythe Masters stepping down in December. Her departure surprised many in the enterprise blockchain industry, since the Wall Street veteran was considered the very personification of DA, and, to some degree, of the distributed ledger technology (DLT) space itself.

- Advertisement -

DA is seen as something of a bellwether for industrial-grade DLT upgrades and integration thanks to its undertaking to replace the Australian Stock Exchange’s (ASX) CHESS clearing and settlement system. Although the deadline for that project has been pushed back to early 2021, ASX told CoinDesk in an interview last year that Masters’ departure would not impact its timeline.

The 175-employee DA has also been hiring. Zohar Hod, a trading technology veteran, was brought in as its chief strategy officer, coinciding with Powell’s departure. Hod reports to co-founder and chief operating officer Yuval Rooz. 

Image of 4 World Trade Center in New York, headquarters of Digital Asset, via Wikimedia Commons

- Advertisement -

Previous Articles:

- Advertisement -

Latest News

Nissan Recalls 480,000 Vehicles; Stock Surges Despite Engine Issue

Nissan is recalling over 480,000 vehicles in the U.S. and Canada due to engine...

Bitcoin Risks $2.67B in Longs if Price Falls Below $108K Level

Bitcoin's price approaches its all-time high, with traders watching for signs of a breakout...

CrowdStrike Stock Hits Record High After Analysts Hike Price Target

CrowdStrike Holdings (CRWD) stock reached an all-time high with a gain of more than...

Amber International Raises $25.5M to Grow $100M Crypto Reserve Fund

Amber International Holding raised $25.5 million in a private placement to expand its $100...

Traders Flock to Hyperliquid Apps Amid Hopes for Airdrop Rewards

Investors are moving millions into projects on the Hyperliquid blockchain in hopes of future...

Must Read

Buy Domain With Bitcoin: Top 8 Domain Registrars That Accept Bitcoin And Crypto

You are here because you want to buy a domain with bitcoin, right? If you are looking for domain registrars that accept bitcoin or...