Crypto trading platform bolsters advisory board with former SEC chair

Arthur Levitt is the longest-serving chair of the SEC, and he joins Ominex’s advisory board alongside Sheila Blair, the former chair of the FDIC.

A crypto trading platform targeting institutional investors has appointed a former chair of the Securities and Exchange Commission (SEC) to its advisory board.

Arthur Levitt joins the advisory board at Ominex alongside the former chair of the Federal Deposit Insurance Corporation (FDIC) Shelia Blair.

Levitt was chairman of the SEC from 1993 and 2001, making him the longest standing leader of the financial regulator, while Blair served as chair of the FDIC between 2006 and 2011.

“Institutional investors need purpose-built technology to solve the challenges they face today and equipped to handle the hidden obstacles they’ll encounter tomorrow in this new asset class,” said Levitt. “Omniex is ahead of the curve and will be the conduit that unifies the current fragmented crypto-ecosystem into a streamlined infrastructure.”

Ominex has also expanded its senior management team with the addition of former head of capital markets at Thomson Reuters, Maartje Bus, who has been appointed director of strategic partnerships. The company has also hired KCG’s former head of regulatory affairs, Tom Eidt, as chief compliance officer and general counsel.

“Each appointment brings a wealth of capital markets expertise and leadership to our team that will be critical to achieving our mission of empowering institutional investors to seize the opportunities of crypto-assets,” Hu Liang, CEO and co-founder of Omniex, added. “As we transition from development to global deployment, the strength of our team will ensure we maintain our first-mover advantage.”

Ominex provides a front-to-back office investment and trading platform, offering access to crypto-asset markets to institutional investors. Over the past ten months, the firm raised $10 million in seed funding from industry players such as Jump Capital, Digital Currency group and Alan Howard of Brevan Howard.