Zumo has appointed Ashwath Mehra as a non-executive director amid growth of the digital asset sector.
His appointment is designed to support the company through regulatory changes following the the Securities and Exchange Commission’s approval of Bitcoin spot exchange traded funds (ETFs).
Nick Jones, founder and CEO of Zumo, says: “Zumo has a wealth of experience and a deep skill set that will help us strengthen our governance structures and capitalise on our regulatory advantage. It’s shaping up to be a huge year for the company and having Ashwath on the board is a timely boost.”
Mehra comments: “Institutional interest in digital assets is surging as a result of recent developments and Zumo is well-positioned to play a pivotal role.”
“I’ve been impressed by Zumo’s commitment to driving a sustainable, compliant digital assets sector that enables financial institutions to protect their customers whilst helping them to explore the new possibilities on offer.”
Zumo helped Jacobi Asset Management to deliver Europe’s first decarbonised Bitcoin spot ETF and was the first digital asset platform to integrate the tech-based requirements of the Financial Conduct Authority’s financial promotions regime for cryptoassets.
