London Stock Exchange seeks digital assets director

The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it is seeking a director of digital assets. 

LSEG says it is looking for candidates who have a “passion for and understanding of digital assets, cryptocurrencies and distributed ledger technology,” among other skills and requirements.

According to the posting, the future digital asset manager for LSEG will be helping the company outline and deploy a commercial strategy for “a suite of new infrastructure solutions and capabilities, as well as developing LSEG’s brand and ecosystem in digital private markets.”

A representative from LSEG told Cointelegraph that they could not provide any further details on the development at the time. 

Related: London Stock Exchange Group may provide clearing services for BTC derivatives in Q4

The posting comes after the London Stock Exchange announced it will create a traditional assets trading platform using blockchain technology. On Sept. 4, the legacy financial institution said it plans to use the technology to enhance the efficiency of holding, buying and selling traditional assets.

However, Murray Roos, the LSE Group’s head of capital markets, said at the time that it would not be building anything around cryptocurrencies.

The United Kingdom has been cracking down on its local crypto scene after passing a bill allowing authorities to seize Bitcoin (BTC) used for crime and announced plans for upcoming stablecoin regulations in October. 

In September, the U.K. financial watchdog gave crypto companies a marketing compliance warning and a deadline to align with its standards by January 2024.

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