Crypto Lending Startup BlockFi Hires Rishi Ramchandani As Director… – BlockTribune

Crypto Lending Startup BlockFi Hires Rishi Ramchandani As Director Of Business Development In Asia

Job Appointments | June 24, 2020
By: David Pimentel

Crypto lending platform BlockFi has hired Rishi Ramchandani as Director of Business Development, Asia.

BlockFi is a New York-based non-bank lender that offers USD loans to cryptocurrency owners. The firm services clients in over 100 countries, and in all 50 US states. Its offerings include crypto-based interest accounts providing up to an 8.6% annual percentage yield on bitcoin, Ether and stablecoins; crypto-backed loans which allow investors to access liquidity up to 50% of an asset’s value in USD; and zero-fee trading.

Ramchandani has more than 10 years of experience in traditional finance, having recently led global and Asia equities trading teams for Bank of America Merrill Lynch. He is also a FinTech entrepreneur and investor, and previously founded and launched two startups where he used his knowledge of traditional markets and passion for helping clients grow wealth to advise on investment strategies.

As Director of Business Development in Asia, based in Singapore, Rishi will be responsible for building out BlockFi’s business in Asia Pacific and growing its institutional partnerships and client roster in Asian markets. This added presence will enable BlockFi to provide unmatched 24/7 service to its institutional clients.

“Institutional support and adoption for crypto has soared among traditional investors,