Crypto
custody
firm
Anchorage
Digital
has
added
Connie
Shoemaker,
a
former
Goldman
Sachs
executive,
to
its
board
of
directors.
Shoemaker
currently
serves
as
the
COO
and
CFO
of
Bridgewater
Associates
Holdings,
the
parent
company
of
Bridgewater
Associates,
the
world’s
largest
hedge
fund.
Anchorage
Digital
is
the
only
crypto
bank
currently
chartered
by
the
Office
of
the
Comptroller
of
the
Currency
(OCC).
Other
institutions,
including
Paxos
and
Protego,
have
attempted
to
receive
a
full
charter
from
the
OCC
but
have
failed
to
move
past
the
provisional
charter
hurdle.
With
the
boom
of
institutional
interest
in
crypto
spurred
by
the
approval
of
spot
Bitcoin
exchange-traded
funds
(ETFs),
Anchorage
Digital’s
business
is
growing,
a
company
spokesperson
said.
In
a
Thursday
announcement,
Anchorage
Digital
said
the
expansion
of
its
board
of
directors
was
part
of
an
effort
to
“meet
rising
institutional
demand
for
safe,
secure
and
federally
regulated
digital
asset
infrastructure.”
Anchorage
Digital’s
co-founder
and
CEO
Nathan
McCauley
told
CoinDesk
through
a
company
spokesperson
that
Shoemaker’s
track
record
in
the
trad-fi
world
will
be
“invaluable”
as
the
company
continues
to
grow,
adding
that
her
experience
building
the
commercial
bank
division
at
Goldman
Sachs
is
“highly
applicable”
to
Anchorage
Digital’s
work.
“By
adding
Connie
to
the
board
of
Anchorage
Digital
Bank,
we
are
doubling
down
on
our
commitment
to
advance
the
institutional
ecosystem
with
our
federally
regulated
offering,”
McCauley
said.
Shoemaker
was
Goldman
Sachs’
global
head
of
strategy
during
the
2008
global
financial
crisis,
during
which
she
oversaw
the
growth
of
Goldman
Sachs
Asset
Management
(GSAM).
She
was
later
Goldman
Sachs’
Chief
Administrative
Officer.