GTN Hires Former Gemini Europe CEO Mark Jennings to Lead Tokenized Stocks Push

GTN named Mark Jennings, the former chief executive of Gemini's European business, as global head of digital assets today (Tuesday). He will lead its work on tokenized securities, the company said.

The Dubai-based brokerage infrastructure provider sells banks, brokers and fintechs access to more than 90 markets through a single connection. Tokenized securities put shares and other traditional assets on a blockchain , where they can trade around the clock.

GTN already has a foothold in that market. In July, Kraken parent Payward picked GTN to provide execution, custody and record-keeping for xStocks, starting with Hong Kong-listed shares before UK, European and South Korean equities.

The segment remains small, though it doubled in the year to October 2025. Tokenized stocks were worth about $717 million that month, FM Intelligence data show, while Kraken said the assets backing xStocks alone had passed $800 million by September this year.

London's trading industry is coming home!

From Kraken's Derivatives Venue to Gemini Europe

Before Gemini, Jennings held senior roles at Kraken, including chief executive of Crypto Facilities, a derivatives venue for institutional clients regulated by the UK Financial Conduct Authority (FCA ) that Kraken acquired in 2019.

Gemini hired him to run Europe in January 2025, the month it chose Malta as its hub under the EU's crypto rules, but shut its UK, European Economic Area and Australian accounts on April 6 this year to refocus on the US.

"GTN has already done the difficult work to connect to markets and asset classes," Jennings said.

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Manjula Jayasinghe, GTN's co-founder and group CEO, said demand for tokenized securities is growing and is likely to accelerate in the years ahead.

Senior Hires From Capital.com, Saxo and Gemini

Jennings is the latest of several senior hires this year. Salim Sebbata left Capital.com in April to become chief commercial officer for Europe, and Daniel Endler, after 13 years at Saxo Bank, became its first group chief product officer in October.

GTN's headcount has risen over the same period. It reported more than 700 staff and 500 clients today, up from 600 and 450 when it won a Hong Kong securities dealing license in March, by its own count.

That license gave GTN its sixth regulated entity. Five of the six answer to regulators covered by FM Intelligence's license and registration monitoring, with the US broker-dealer the exception.