tl;dr
Anchorage Digital, a crypto custody firm chartered by the OCC, has appointed Connie Shoemaker, a former Goldman Sachs executive and current COO/CFO of Bridgewater Associates Holdings, to its board of directors. This move comes as the company aims to meet rising institutional demand for regulated dig...
Connie Shoemaker, former Goldman Sachs executive, has joined Anchorage Digital's board of directors to meet rising institutional demand for safe, secure, and federally regulated digital asset infrastructure.
Anchorage Digital, the only crypto bank chartered by the OCC, experiences growth in institutional interest following the approval of spot Bitcoin ETFs.
Nathan McCauley, co-founder and CEO of Anchorage Digital, emphasizes the invaluable expertise of Connie Shoemaker in advancing Anchorage Digital's federally regulated offering for the institutional ecosystem.
CoinDesk, an award-winning media outlet covering cryptocurrency, was acquired by the Bullish group in November 2023, maintaining journalistic independence through an editorial committee.
Cheyenne Ligon, a CoinDesk news reporter specializing in crypto regulation and policy, discloses no significant crypto holdings and focuses on an impartial journalistic approach.
Anchorage Digital, a crypto custody firm chartered by the OCC, has appointed Connie Shoemaker, a former Goldman Sachs executive and current COO/CFO of Bridgewater Associates Holdings, to its board of directors. This move comes as the company aims to meet rising institutional demand for regulated digital asset infrastructure amidst growing institutional interest in crypto.
The addition of Shoemaker, with her background in traditional finance, is seen as valuable for the company's continued growth. CoinDesk, the source of this information, was acquired by the Bullish group, with interests in blockchain and digital assets.
Crypto custody firm Anchorage Digital has added Connie Shoemaker, a former Goldman Sachs executive, to its board of directors. Shoemaker currently serves as the COO and CFO of Bridgewater Associates Holdings, the parent company of Bridgewater Associates, the world’s largest hedge fund.
Anchorage Digital is the only crypto bank currently chartered by the Office of the Comptroller of the Currency (OCC). Other institutions, including Paxos and Protego, have attempted to receive a full charter from the OCC but have failed to move past the provisional charter hurdle.
With the boom of institutional interest in crypto spurred by the approval of spot Bitcoin exchange-traded funds (ETFs), Anchorage Digital’s business is growing, a company spokesperson said.
In a Thursday announcement, Anchorage Digital said the expansion of its board of directors was part of an effort to “meet rising institutional demand for safe, secure and federally regulated digital asset infrastructure."
Anchorage Digital’s co-founder and CEO Nathan McCauley told CoinDesk through a company spokesperson that Shoemaker’s track record in the trad-fi world will be “invaluable” as the company continues to grow, adding that her experience building the commercial bank division at Goldman Sachs is “highly applicable” to Anchorage Digital’s work.
“By adding Connie to the board of Anchorage Digital Bank, we are doubling down on our commitment to advance the institutional ecosystem with our federally regulated offering,” McCauley said.
Shoemaker was Goldman Sachs’ global head of strategy during the 2008 global financial crisis, during which she oversaw the growth of Goldman Sachs Asset Management (GSAM). She was later Goldman Sachs’ Chief Administrative Officer.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies.
In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings. Follow @cheyenneligon on Twitter
More about Optical Cable Corporation
Optical Cable Corporation Summary Optical Cable Corporation
Optical Cable Corporation manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally. The company is headquartered in Roanoke, Virginia.
Industry
Manufacturing, Drawing & Insulating of Nonferrous Wire
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Revenue: $22,888,200
EBITDA: $8.35
EPS: -0.0643
Market Cap: $65,237,000
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