Blockchain solution provider AlphaPoint has announced that banking industry veteran Scott Scalf is joining its executive team.
Scalf, who was previously director of trade lifecycle systems at Deutsche Bank Global Technology, joins the firm as executive vice president of development operations.
"The financial sector is undergoing a profound technological shift as firms and institutions embrace the blockchain and related technologies. More than ever, it's important that veteran leadership helps drive innovation in the space," said Joe Ventura, AlphaPoint's founder.
Ventura suggested that, with more than 25 years of engineering and management experience, Scott has a "deep understanding" not only of existing market infrastructure, but of the firm's vision.
Scalf brings to the company considerable experience in designing and managing trading systems, clearing and settlement, and regulatory reporting.
His previous roles include Head of Enterprise Technology and Head of Institutional Brokerage Technology at Susquehanna International Group, Director of Trade Lifecycle Systems at Deutsche Bank, and CTO and founder of S3 Consulting.
Scalf's teams have designed and delivered systems for a number of Wall Street institutions, including Merrill Lynch, Charles Schwab, Deutsche Bank, SIG, and others. Further, he holds two patents for proprietary middleware optimised for massively concurrent web applications.
"I am thrilled to be involved at this innovative stage to help the AlphaPoint team build the trusted infrastructure needed to realize the potential blockchain technology, digital assets, and distributed ledgers hold for capital markets and beyond," said Scalf.
AlphaPoint is a financial technology company that provides institutions with blockchain-enabled solutions to store, track, and trade digital assets.
The firm also provides 'white label' backend solutions for over 20 digital asset exchanges.
Notably, in October 2014, AlphaPoint raised $1.35m in a funding round that included VC firms Ben Franklin Technology Partners and Robin Hood Ventures, as well as notable angel investors such as Invite Media co-founder Scott Becker and DuckDuckGo CEO Gabriel Weinberg.
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