A Japanese cryptocurrency startup founded by a Deutsche Bank AG veteran has hired another alumnus of the German lender to provide research on digital tokens.
FXcoin Ltd., which is seeking regulatory approval to exchange virtual currencies including Bitcoin, recruited Yasuo Matsuda as a senior strategist. Matsuda, 49, who was a foreign-exchange dealer at Deutsche Bank from 2012 until June, will provide daily reports on market moves from this month, said the startup's founder and Chief Executive Officer Tomoo Onishi.
Onishi's firm is one of several to tap traditional brokerage industry talent to go crypto. After quitting his job as head of currency sales at Deutsche Bank last December, he hired about 15 professionals from banks including his former employer as well as Nomura Holdings Inc., Mitsubishi UFJ Financial Group Inc. and HSBC Holdings PLC.