Elliptic, a Bitcoin custodian for capital markets, has announced the hire of industry veteran Kevin Beardsley as its newest head of business development and eighth member of the fintech startup.
Prior to landing at Elliptic, Mr. Beardsley served as Director of Membership at the Bitcoin Foundation, working in conjunction with leading Bitcoin companies worldwide. He also helped promote and introduce Bitcoin to a variety of financial service entities in Europe for most of 2014.
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In his new role as head of business development at Elliptic, Mr. Beardsley will focus on the growth of the company’s client base and storage for Bitcoin holdings. The Bitcoin custodian has already been recognized as a bellwether leader in the industry, representing over $3.0 billion in market cap.
According to Mr. Beardsley in a recent statement on the appointment, “It seems every day you read about another hack. With at least 5% of all Bitcoins already lost or stolen, the Bitcoin ecosystem desperately needs an accredited custodian like Elliptic to make Bitcoin a valid option for the capital markets. I am delighted to be joining the pioneers that are making that happen.”
“We believe that even the best technology is only ever half of the solution. We take the time to make sure the operational details are right, which includes things like onboarding fund administrators, educating management teams, and working with local regulators. Kevin’s proven passion for the digital currency ecosystem can only enhance and strengthen our commitment to deliver best-in-class technology combined with deep operational expertise,” added Elliptic CEO, Dr. James Smith, in an accompanying statement.