trueDigital Appoints Bridgewater's Thomas Kim as CEO

Financial technology provider trueDigital, a subsidiary of swap execution facility operator TrueEX, announced on Tuesday that Thomas Kim has joined the firm as Chief Executive Officer (CEO). Kim will also join the company's board of directors.

“Thomas brings the expertise and the boldness to carry forward our vision of bringing Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based financial technologies to life,” said Sunil Hirani, trueDigital’s Founder and Member of the Board of Directors. “His accomplishments at some of the world’s most technologically-driven and demanding institutions speak to his ability to think creatively and lead effectively. This will be instrumental as we double down on our ambitions to innovate, grow and scale.”

Kim joins the financial technology company from Bridgewater Associates, an American investment management company, where he spent seven years. Before joining trueDigital, Kim was working as Chief Operating Officer for Bridgewater's Investment Engine Group.

Prior to that, Kim also spent time at a number of major financial institutions, including Lehman Brothers and UNX.

Kim to lead the trueDigital blockchain charge

According to a statement released by trueDigital on Tuesday, Kim will be responsible for developing the company's business in the world of digital assets and blockchain technology.

In December of last year, the technology company confirmed that it was launching a blockchain-based Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term system with Signature Bank, a commercial bank based in New York that has a number of branches throughout the US.

A couple of months prior to that announcement, in October of 2018, trueDigital also got approval from the Commodity Futures Trading Commission to list margined, physically-delivered bitcoin swaps on TrueEX's swap execution facility.

“Transforming financial market infrastructure is an ambitious goal, yet the progress to date shows the potential of trueDigital’s technologies to modernize markets and bring digital assets forward," said Thomas Kim, CEO, trueDigital. "The team, the thinking and the technology at trueDigital are all attuned for significant growth, and I look forward to leading the way.”