Former Goldman Sachs Exec Leaves Blockchain.Com for Ripple

Published at: May 29, 2019

Former Goldman Sachs exec Breanne Madigan has left her position at crypto wallet provider Blockchain.com to join Ripple, crypto media outlet The Block reported on May 28.

Madigan, a Wall Street veteran with about 14 years of experience at major global investment bank Goldman Sachs, has reportedly left Blockchain.com after serving there as Head Institutional Sales and Strategy for 14 months, according to her LinkedIn profile.

The former Goldman Sachs executive has reportedly joined Ripple to lead the Global Institutional Markets team to attract more institutional investment to crypto space, as she said in the report. Madigan reportedly claimed that she is excited to help drive mass adoption of digital assets and transformation of a global payment system.

Madigan’s withdrawal from Blockchain.com has followed another recent departure by Wall Street trading veteran Jamie Selway, who reportedly left the company in January 2019 after joining the firm as Global Head of Institutional Markets in summer 2018.

Founded in 2011 as a crypto analytics source, Blockchain.com is formerly known as Blockchain.info. The company further developed to offer crypto wallet services for major cryptocurrencies including bitcoin, ether, bitcoin cash, and others. In September 2018, Blockchain.com was featured in LinkedIn’s top 25 United Kingdom-based startup companies, ranked at number 9.

Meanwhile, Ripple recently reported that its institutional direct sales in Q1 2019 have seen a massive growth from $40.15 million in Q4 2018 to $61.93 million.

Tags
Blockchain
Ripple
Goldman Sachs
Related Posts
Fortune: R3 Blockchain Consortium Is ‘Running out of Money’, Director Denies Rumors
Update: this article has been updated to include statements made by Charley Cooper, managing director at R3. While last year R3 had implied that the company had a larger goal of raising $200 mln in funding, R3 told Fortune that the figure came from a now-cancelled plan to sell a stake in a research subsidiary. The unnamed former R3 employees told Fortune that the consortium’s internal financial targets are “10X short” of their revenue, with the figure described as “laughably off.” Charley Cooper, an R3 managing director, told Fortune that the company is not in danger of running out of …
Blockchain / June 8, 2018
XRP price surges 55% to a 3-year high amid push for financial inclusivity
The price of XRP saw a 55% breakout over the past two days as the sixth-ranked cryptocurrency by market capitalization has renewed its focus on the creation of a cross-border payment network that is inclusive and sustainable. Data from Cointelegraph Markets and TradingView shows that XRP dropped to a low of $0.566 in the early hours on April 4 before a wave of trading volume helped lift its price to a high of $0.877 within the last few hours. The uptick in trading volume was sparked after Ripple posted a blog titled “Creating a More Financially Inclusive and Sustainable Future” …
Blockchain / April 5, 2021
Indian Banks Act Slow to Accept Crypto Industry Despite RBI’s Approval
The repeal of a blanket ban on cryptocurrencies in March by India’s central bank, the Reserve Bank of India, has been a boon to the thriving crypto industry in India — with the launch of new exchanges being a catalyst. This is despite the country being one of the most severely affected nations by the COVID-19 pandemic, which has led to a deepening economic crisis across the nation. For investors and fintech innovators alike, cryptocurrency and blockchain technology have proven to be a much-needed respite in these challenging times. Regulatory uncertainty Repealing the blanket ban was not the ultimate solution …
Blockchain / June 27, 2020
FX Settlement Provider CLS Begins Final Testing for Blockchain Payment Banking Service
Forex exchange (FX) settlement giant CLS is in the final stages of testing its blockchain payment service for banks, Financial News reported July 27. The service is reportedly set to be launched later this summer, with at least seven banks expected to sign on to the system in the early months. CLS, the New York-based global multi-currency cash settlement system, has been working with tech company IBM to introduce the blockchain-powered payment netting service. The system is set to be incorporated in banking IT systems to boost the level of standardization in the global FX markets, as well as reduce …
Blockchain / July 29, 2018
Total Crypto Market Cap Hits 7-Week High At $400 Bln, BTC Holds Near $9K
The crypto market is continuing to grow with only slight dips today, April 23, as Bitcoin (BTC) remains close to $9,000 after two weeks of gains and total market cap hits a 7-week high, according to data from CoinMarketCap. Crypto market visualization from coin360.io BTC is currently trading at around $8,840, down around 0.70 percent over a 24 hour period to press time, according to data from Cointelegraph’s BTC price index. Ethereum (ETH) is up around 0.10 percent over a 24 hour period to press time, trading at around $636, according to data from Cointelegraph’s ETH price index. Of the …
Bitcoin / April 23, 2018