Hugh Hughes has joined Koine as chairman and CEO.
Koine, due to launch in Q2 2019, aims to provide institutional grade custody and settlement services to allow institutions to store digital assets securely and to trade them safely and efficiently.
In 2005, Hughes co-founded Fixnetix, a financial technology company.
Fixnetix built a low-latency network connected globally to trading venues that provided price discovery, trade execution and trade confirmation for the algorithmic trading desks of investment banks, hedge funds and proprietary trading firms.
In 2016, Fixnetix was sold for over $100million to the Computer Sciences Corporation, an NYSE-listed global provider of IT services.
Hughes was also CEO of Societe Generale Securities in London for 10 years.
Commenting on his new role Hughes said: “I am highly impressed with Koine’s vision and innovation to establish a critical component of capital market infrastructure—a segregated, institutional custodian of digital assets.”
He added: “I look forward to engaging with clients, investors, commercial partners and regulators. Together we will build a superb client offering, with significant purpose and value”.
Koine will launch in Q2 2019.”
