Cyptocurrency wallet service Blockchain said Tuesday it hired a former Goldman Sachs executive to direct the firm’s investment strategy and heighten its institutional presence.

Breanne Madigan, formerly Goldman’s Head of Institutional Wealth Services — a unit with $1.49 trillion under management — will be Blockchain’s head of Institutional Sales and Strategy. Blockchain is likely targeting institutions as a source of stable, substantial investment, reports CoinDesk. In the statement, CEO and Co-Founder Peter Smith said the company plans to triple its headcount this year after seeing record growth last year. Read more here.

ThirtyK Staff
If you would like to contact the ThirtyK News Brief team, please email us at contact@thirtyk.com.