Share this article
TradFi Firm Marex Makes Crypto Hires to Lead Digital Assets Push
Marex has hired former chief FX strategist at Brown Brothers Harriman Ilan Solot and 17-year financial services veteran Mark Arasaratnam.
Updated May 9, 2023, 4:01 a.m. Published Nov 2, 2022, 11:49 a.m.
London-based financial services platform Marex has made two crypto hires to lead its digital assets offering for institutional investors.
Marex has hired Ilan Solot and Mark Arasaratnam as co-heads of digital assets.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Solot was the former partner at crypto fund Tagus Capital and has also worked at private investment bank Brown Brothers Harriman and worked with the International Monetary Fund. Arasaratnam, a 17-year financial services veteran, has recently worked at food startup M-EAT and online shopping platform The Chapar.
The duo have been hired to deliver simple, secure products that help institutional investors gain exposure to crypto and decentralized finance (DeFi). Marex plans to incorporate its expertise in custody, execution, risk management and yield generation into digital assets.
"Our main thesis is that crypto is graduating into the mainstream," Marex said on Tuesday. "The problem is that it remains a complex space for institutions to interact with, especially given the intricacies around self-custody and security risks."
"Marex assists crypto exchanges and family offices in building HNWIs-focused bespoke structured products, as well as providing vanilla and exotic crypto options market making," Solot said.
The firm's digital asset aspirations demonstrate the enthusiasm that exists for cryptocurrency, blockchain and Web3 amongst traditional financial institutions despite the prevailing depressed market conditions.
Read more: JPMorgan Appoints Former Celsius Exec as Crypto Regulatory Policy Head: Report
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
What to know:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
Top Stories
