BCB Group has appointed Derek Rego as Chief Technology Officer (CTO) for the European-based provider of digital asset trading services.
BCB Group is at a vital stage of its growth journey with a dedicated focus on institutional payment services. BCB Group provides business accounts, cryptocurrency and foreign exchange market liquidity for some of the world’s largest crypto-engaged financial institutions including Bitstamp, Coinbase, Galaxy, Gemini, Huobi and Kraken.
BCB Group is a unique dual-regulated institution offering clients a complete end-to-end suite of payment processing, cryptocurrency trading, and custody services accessible through a unified API-enabled platform, allowing clients to access a complete range of digital asset services in one place.
Rego joins BCB Group from CreditEnable, where he was the CTO and worked as part of the Senior Leadership Team (SLT) leading the Scale- Up phase and specifically driving product development, platform solutioning and architecture and engineering, as well as data analytics and reporting, cloud hosting, business expansion, and compliance.
Prior to CreditEnable, Rego held held senior technology leadership roles for over 25 years with Citi, where his career spanned positions as Global Head of Treasury and Trade Solutions Technology and Global Electronic Banking Channels Head.
Oliver von Landsberg-Sadie, Founder and CEO, commented: “Derek is uniquely qualified for our scale-up stage of growth, having brought a number of large-scale fintech initiatives to life. We’re thrilled to welcome Derek on board to help us build the infrastructure which crypto-land really needs.”
In January, BCB Group closed a $4.5 million investment round to fund upcoming initiatives such as BCB Treasury, which aims to help companies invest in bitcoin as a treasury asset, BCB Yield Accounts and BCB Wealth Partners.
The firm launched one of the first real-time payments networks to allow free, real-time transactions across fiat and digital currencies via the BCB Liquidity Interchange Network Consortium (BLINC).
In 2019, the cryptocurrency broker has gone live with DASL, a Corda-based digital asset shared ledger for financial institutions that mitigates the business risks involved when handling digital assets, including cryptocurrencies. BCB became the first to provide prime brokerage services for digital assets on Corda Network.
That year, Bitstamp and BCB Group partnered to enable investors from the UK to transfer GBP directly to and from their Bitstamp accounts. The service was developed by BGB Group whose range of solutions for exchanges, institutions, and high net worth clients seeking OTC best execution for their own accounts include the GBP service.