Uber, Goldman Sachs Veteran Joins Ripple as Asia Managing Director
Ripple taps a finance and tech veteran to be managing director in Southeast Asia.
Justin Schmidt has become the latest Wall Streeter to leave a traditional finance firm to join one fully on the crypto side of things.
Bitcoin has rallied by over 400% since Goldman Sachs issued a short dollar recommendation on Oct. 9.
Mike Novogratz will remain as CEO as the firm plans for a U.S. stock offering later in the year.
A memo obtained by CoinDesk lays out the bank’s approach to providing clients with access to bitcoin and other digital assets.
Payout on the notes would be dependent on the performance of the ARK Innovation ETF, an actively managed fund offered by Cathie Wood's ARK Investment Management.