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Former Grayscale CEO Michael Sonnenshein Joins Aptos Labs as Adviser
Michael Sonnenshein, the former CEO of Grayscale Investments, has joined Aptos Labs as an adviser alongside OpenAI's chief product officer, Kevin Weil.
Updated Nov 25, 2024, 3:48 p.m. Published Nov 25, 2024, 2:59 p.m.
What to know:
- Michael Sonnenshein, the former CEO of Grayscale Investments, has joined Aptos Labs as an adviser alongside OpenAI's chief product officer, Kevin Weil.
- Aptos Labs said it will harness Sonnenshein's knowledge to bring more traditional financial institutions to the network.
Michael Sonnenshein, the former CEO of Grayscale Investments, has joined Aptos Labs as an adviser alongside OpenAI's chief product officer, Kevin Weil.
Aptos Labs, the developer of layer-1 blockchain Aptos, said in an email it will harness Sonnenshein's knowledge to bring more traditional financial institutions to the network.
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Weil, who is also a former vice president of product at Facebook owner Meta (META), will advise Aptos Labs on AI strategies for blockchain applications.
Sonnenshein stepped down as Grayscale's CEO in May after 10 years with the company, during which the digital asset management company grew its flagship Bitcoin Trust (GBTC) into the pre-eminent BTC investment vehicle, which subsequently became one of the first U.S.-listed bitcoin exchange-traded funds (ETFs).
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The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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