Karen Wendel has joined the digital asset sector, taking the reins as CEO of Fabriik, part of the Bayesian Group.
Wendel will lead the deployment of Fabriik Qualified Custody, offering multi-asset regulated custody services for institutions and retail clients.
Fabriik Qualified Custody will operate as part of Fabriik, a global digital asset fintech initiative consisting of a collection of strategically aligned businesses across the liquidity ecosystem.
Wendel is an experienced executive who led the regulated bank-created identity syndicate IdenTrust for more than a decade.
Wendel also held CEO and partner roles in venture-backed and global consulting firms where she drove strategic, operational reengineering, and innovation projects for large global entities including Bank of America and ABN AMRO.
Her most recent projects have focused the use of technologies such as distributed ledgers and qualified custody to transform illiquid assets, whether traditional or alternatives, into fungible, highly liquid structures.
Roy Bernhard, CEO of The Bayesian Group, said: "With Karen Wendel we have not only found a brilliant mind who’s experienced in custody and finance was unrivalled, but her understanding of the convergence of traditional, physical, and digital assets is light years ahead of the pack. It's a pleasure and honour to be working with Wendel to build the next generation of qualified custody.”
