Barry Silbert’s DCG Names TT’s President Michael Kraines as CFO

Barry Silbert’s Digital Currency Group has lured Michael Kraines, former President and CFO of Trading Technologies, to become its first-ever Chief Financial Officer.

In his newly-created role as CFO, Kraines will be tasked with the group’s finance, planning, strategy, M&A activity and business development. He steps into the role following a lengthy career in the financial technology space, having worked for nearly three decades in this realm.

Prior to joining Trading Technologies, Kraines worked as a Managing Director at investment banking firm, Sandler O’Neill + Partners for over twelve years. Additional roles include positions at Wasserstein Perella and Kirkland & Ellis LLP, dating back to 1988, according to his Linkedin profile.

Following a four-year tenure, Kraines parted ways with the Chicago-based provider of trading solutions back in February. His departure was part of broader changes to TT’s management structure, which named a new executive team. Roger Mills, who spent nearly two decades at Trading Technologies, has succeeded Kraines as Chief Financial Officer.

DCG Reshuffles Management Team

Digital Currency Group, which operates the world’s biggest crypto-fund manager, also announced a major shift in its executive leadership earlier this year. The company’s longtime Managing Director, Michael Sonnenshein has been handed the job of leading Grayscale Investments.

The former Barclays analyst assumed the post of Chief Executive as Grayscale Founder, Barry Silbert stepped down to focus on his other initiatives including OTC crypto trader, Genesis Trading and cryptocurrency news site, CoinDesk.

Announcing the appointment, DCG Founder and CEO Barry Silbert, said: “I am thrilled to announce Michael as part of the DCG leadership team, as he brings both relevant sector expertise and highly complementary hands-on experience to the role. Michael has spent his entire career working in the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term sector and has really seen it all from an industry perspective.

“I am delighted to join DCG to help accelerate its growth and positive impact on the industry. I also look forward to increasing the opportunity for DCG to foster a deeper series of conversations regarding the future of crypto across the institutional community,” added Kraines.