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NEW YORK & ABU DHABI, UAE<\/strong> \u2014 (ARAB NEWSWIRE<\/a>)<\/strong> \u2014 BridgePort, the institutional coordination layer for crypto off-exchange settlement, today announced the appointment of Zane Suren as Chief Revenue Officer. Suren will lead BridgePort\u2019s global revenue strategy, owning revenue and commercial architecture, pipeline development, and the build-out of the company\u2019s sales function as the network scales.<\/p>\n Suren joins from Zodia Custody, the digital asset custodian backed by Standard Chartered Bank, where he spent over three years on the institutional revenue team across the custody and technology business lines. Rising to Managing Director and member of the Global Leadership Team, he most recently led commercial activity across the Middle East and Africa for the custodian. His time at Zodia Custody gave him direct insight into how institutional clients, from asset managers to trading firms, evaluate and adopt digital asset infrastructure, and the operational challenges that arise when custody, execution, and settlement sit in disconnected silos.<\/p>\n Prior to Zodia, Suren co-founded a digital assets infrastructure firm serving exchanges and OTC desks with B2B technology that helped institutional clients scale their operations. The firm served over 50 clients globally primarily across the EMEA region. He began his career in commodities trading, where he developed a foundation in traditional market structure before moving into digital assets full-time in 2017.<\/p>\n Nirup Ramalingam, CEO of BridgePort, commented: \u201cHaving spent the last few years at the forefront of institutional digital asset adoption with Zodia Custody, Zane deeply understands the operational hurdles that asset managers and trading firms face today. His unique background spanning traditional commodities trading to building an infrastructure startup makes him the ideal leader to drive our global revenue strategy as we launch our production network and bridge the gap between custody, execution, and settlement.\u201d<\/p>\n The appointment comes as BridgePort prepares for the production launch of its off-exchange settlement network, having recently announced partnerships with Anchorage Digital<\/a> and \u00a0Deutsche B\u00f6rse Group\u2019s MiCAR-regulated crypto trading platform, 3DX<\/a> \u2013 among others.<\/p>\n Suren added: \u201cBridgePort is solving the problem I saw every day at Zodia. Institutions want to trade on venues without fragmenting their assets across multiple exchanges. The infrastructure to coordinate between custodians, exchanges, and trading firms didn\u2019t exist until now. I\u2019ve spent my career at the intersection of trading, custody, and infrastructure, and BridgePort is where it all comes together. The team, the technology, and the timing are right.\u201d<\/p>\n About BridgePort<\/strong><\/p>\n BridgePort is institutional middleware that connects exchanges, trading firms, and custodians to enable off-exchange settlement of digital assets. By coordinating pre-trade credit allocation and post-trade settlement, BridgePort eliminates the need for pre-funding at venues while keeping assets secured with the custodian. The platform is built by a team with decades of experience in fixed income trading and FX platform development at the world\u2019s largest financial institutions. BridgePort is supported by Further Ventures, Virtu, XBTO, Blockchain Founders Fund, Reforge VC, Fun Fair Ventures, and Humla Ventures.<\/p>\n Media Contact: bridgeport@mgroupsc.com\u00a0<\/a><\/p>\n
This press release is issued through Arab Newswire (<\/em>www.arabnewswire.com<\/a>) \u2014 a press release distribution service for the Arab World, Middle East and North Africa (MENA).<\/em><\/p>\n<\/div>\n