Crypto wallet and blockchain security firm BitGo has added Pete Najarian to its leadership team as Chief Revenue Officer. He joins the group with immediate effect and will report to CEO Mike Belshe. His hire represents one of the startup’s most senior appointments to date, following his career that spans over two decades working in international finance with institutional investors.
Najarian most recently served as Senior Vice President of Institutions at Bitcoin wallet and service provider Xapo, which sold its institutional business to Coinbase Custody. Earlier in his career, he was head of emerging markets sales at Royal Bank. Najarian was also in charge of institutional sales teams in 27 countries with a specific focus on fixed income, currencies, and commodities.
BitGo’s patent multi-signature wallet technology has attracted institutional players because it offers an enterprise-grade custody service for their assets as well as application programming interface access to its underlying security platform.
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BitGo expands offering
Founded in 2013, BitGo operated originally as a bitcoin wallet provider but then branched out into other cryptocurrencies and now supports multiple altcoins including Ethereum, Ripple, Litecoin, Bitcoin Cash, Bitcoin Gold, and Royal Mint Gold.
Last year, BitGo raised $15 million in new funding, led by Goldman Sachs and Galaxy Digital Ventures LLC, the venture capital firm founded by the billionaire Mike Novogratz.
Announcing the appointment, BitGo CEO Mike Belshe said: “Pete has a deep understanding of capital markets and an exceptional breadth of experience in financial services. This makes him a perfect partner for institutional investors who are entering the cryptocurrency market. We’re building the financial infrastructure of the future and Pete’s experience in both traditional financial markets and cryptocurrency will be critical.”
Najarian added: “In my conversations with institutional investors, it’s clear that interest in cryptocurrency continues to grow, and that there is a real and significant opportunity. I’ve spent my career working with institutional investors and what impressed me about BitGo is the company’s commitment to delivering both the services and depth of client engagement that are required to build long-term partnerships with institutional investors.”