Amber Group’s Ex-U.S. CEO Raazi Joins EDG, a Digital-Asset Structured Product Firm
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
:format(jpg)/s3.amazonaws.com/arc-authors/coindesk/83b3bbdb-5508-48a9-a9d9-2d7dd460fd5b.png)
Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Enhanced Digital Group (EDG), which is helping bring popular traditional finance (TradFi) instruments known as structured products to crypto, has hired a prominent former TradFi executive as head of U.S. strategy.
The appointment of Cactus Raazi, whose decades-long TradFi career included time at Goldman Sachs and Nomura, was announced in an email statement sent to CoinDesk. Raazi joins after being U.S. CEO of crypto trading firm Amber Group.
“It’s a natural next step after leading Amber’s expansion in the Western hemisphere, which was focused on regulatory compliance,” Raazi said in the statement. “With 25 years of sales and trading leadership experience, in both New York and London, at Goldman Sachs and at start-ups, I’ll be helping the EDG team grow a compliant and dynamic derivatives and structured products business.”
Structured products typically combine several financial products like stocks, bonds or derivatives into a single package, and are designed with a specific financial goal: generating income, protecting an investor’s capital, etc. Their use in crypto is more evidence of the growing sophistication of the industry as it lures conventional investors.
Last year EDG raised $12.5 million in seed round led by WebN Group (a research-based incubator backed by Alan Howard) and Genesis (which, like CoinDesk, is owned by Digital Currency Group).
DISCLOSURE
Please note that our
privacy policy,
terms of use,
cookies,
and
do not sell my personal information
has been updated
.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a
strict set of editorial policies.
CoinDesk is an independent operating subsidiary of
Digital Currency Group,
which invests in
cryptocurrencies
and blockchain
startups.
As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of
stock appreciation rights,
which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG
.
Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Aoyon Ashraf is managing editor with more than a decade of experience in covering equity markets
