Bitcoin Wallet Blockchain Adds Ex-Barclays Chief to Board

Bitcoin wallet startup Blockchain has added former Barclays Bank group chief executive Antony Jenkins to its board of directors.

AccessTimeIconDec 13, 2016 at 2:30 p.m. UTC
Updated Sep 11, 2021 at 12:45 p.m. UTC
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Bitcoin wallet startup Blockchain has added former Barclays Bank group chief executive Antony Jenkins to its board of directors.

The appointment is notable as Jenkins served as Barclay’s chief executive from 2012 until mid-2015. There, he was promoted to the top spot in the wake of the Libor scandal, a plot involving numerous banks aimed at manipulating interbank interest rates.

With the move, Jenkins becomes the latest financial executive to take an interest in the industry, following heavyweights such as Blythe Masters, CEO of Digital Asset, and Duncan Niederauer, former CEO of the New York Stock Exchange.

In a blog post announcing the move, Blockchain CEO Peter Smith praised Jenkins, detailing a 2015 speech during which the ex-Barclays chief expounded on how technology would "radically" change the face of financial services.

Smith went on to write:

"I wanted to collaborate with Antony for a simple reason: wisdom to navigate crossing the chasm from a simple, burgeoning technology to enabling a whole new financial ecosystem. From a timing perspective, it felt right."

Jenkins would go on to put the predictions behind that speech into practice, as the move comes weeks after he started his own fintech startup, 10x Future Technologies, which develops cloud-based banking software, according to Business Insider.

In a statement, Jenkins echoed those past remarks.

"Blockchain technology has the potential to reinvent the way we use money and contribute to a finance system that’s high quality, low cost, secure, fair and transparent. I am proud to join a company playing a pivotal role in ushering in a new era," he said.

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