JPMorgan’s Michael Albanese becomes CEO of a blockchain startup

JPMorgan executive Michael Albanese has joined blockchain startup Tradewind as its new CEO, the company announced in a press release. Tradewind has created blockchain-based solutions to facilitate trade and custody of precious metals. The Royal Canadian Mint, as well as some broker-dealers, have adopted Tradewind's products.

The new CEO has 20 years’ worth of experience in banking and securities markets. He has held the position of Global Head of Agency Collateral Management at JPMorgan. He was also Global Head of Securities Clearance and was responsible for providing “on-exchange securities clearance, settlement and custody globally.”

Blake Darcy, Executive Chairman of Tradewind said, “Michael is a leader with significant experience working with corporations, creating capital-efficient products, operating at scale, and delivering value to shareholders. The Board and I are confident that he is the right person to take Tradewind to the next level in our global pursuit of a more efficient, transparent, secure and cost-effective precious metals ecosystem.”