BlockFi, a provider of crypto-backed lending products, has hired former trader at Bank of America Merrill Lynch and Fintech entrepreneur Rishi Ramchandani to lead its business development in Asia.
Asia already represents the biggest cryptocurrency market in the world, and the adoption of blockchain and crypto is showing no signs of slowing down. With almost 13 years of experience in traditional finance within the region, Ramchandani will be tasked with expanding BlockFi’s presence and growing its institutional partnerships and client roster in Asian markets.
According to the company’s website, the BlockFi crypto lending platform has attracted so far over $800 million in deposits from retail, corporate, and institutional crypto investors.
During his 10-year stint at Merrill Lynch, Rishi was responsible for algorithm trading support to the Hong Kong portfolio trading desk and global clients trading in the Asia Pacific region.
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After a decade at the US investment bank in both New York and Hong Kong, Ramchandani relocated to Singapore to kick off his entrepreneurial journey. In 2018, he co-founded PinAlpha, an AI-powered financial research platform utilizing technology to automate fundamental analysis. His most recent venture was the launch of a financial coaching company called Cafe Cash Flow.
“Institutional support and adoption for crypto has soared among traditional investors, proving