Executives tasked with exploring blockchain tech for banks and consulting firms are finding it harder and harder to resist going full crypto. Case in point: three executives at BNY Mellon, Deutsche Bank, and PWC well known for leading blockchain work at their firms have left to pursue their own blockchain projects in recent days. Their reason? They want to pursue blockchain ambitions outside the strictures of a corporate innovation lab.
The executives are now either directly employed by blockchain “venture studio” ConsenSys, or will work on their own projects with ConsenSys funding. Among them is Alex Batlin, who formerly led blockchain work at BNY Mellon, and before that at UBS. He’s now working on his own company, Trustology, with backing from ConsenSys. “I am a big believer in cryptoassets being super exciting, so being able to take these ideas to production in a timeframe that I want to do it in, it’s really tricky to do that in a bank,” he says. The other two execs are PWC’s Ajit Tripathi and Deutsche Bank’s Edward Budd…
Read Full: Big banks’ blockchain specialists are flocking to cryptocurrency firms in search of freedom
