Digital asset custodian Anchorage has nabbed a trade operations veteran from Celsius Network to manage the risks facing its $4 billion crypto vault.

The new hire, Asaf Iram, said he will “connect the dots” among Anchorage’s financing, lending, custody and staking businesses as the leadership team’s first “Head of Risk.” He told CoinDesk his focus will be on ensuring Anchorage’s customers feel safe about their assets, explaining to them the risks of deploying those assets across different lending pools, be they conservative, moderate or aggressive, Iram said.

Iram previously spent 18 months managing the trade desk for crypto lender Celsius Network. He came to that role after nearly three years in the arbitrage trenches as a full-time crypto trader. It was a passion project that Iram said inspired him to quit the Tel Aviv Stock exchange in 2017.

There, he said, he was also a financial risk manager. Iram said he helped his company, DAR Finance, navigate risk across different traders. Iram also served stints as a high frequency trader.

Anchorage acquired data analysis firm Merkle Data early last year, saying at the time it would boost the firm’s risk modeling capabilities. In May company executives pledged new products built on those capabilities were in the works.


Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.