Press Release

Bitcoin ATM operator Coinsource hires Drew Rasmussen as CTO

Veteran hire previously built software for Nasdaq, State Street, T-Zero and more

Fortworth, TX. 21st August 2019 — Coinsource has announced the hiring of Drew Rasmussen as the company’s new Chief Technology Officer. As CTO, Rasmussen will work to expand Coinsource’s core product offering, ensure compliance with anticipated regulations, and engineer new blockchain-powered technologies.

Coinsource Founder and CEO Sheffield Clark says: “Few people have a blockchain background stronger than Drew, and ever fewer have more know-how. His near decade of experience in crypto, first as a prominent trader and subsequently as one of the most sought after developers in the space, makes him an invaluable addition to our team. I’ve followed his career for years and am thrilled to welcome him to the Coinsource team as we enter our next phase of growth and expansion.”

Rasmussen arrives with a wealth of experience in the cryptocurrency and blockchain industries. He entered the field as a miner and successful trader in 2011, just two years after Bitcoin’s whitepaper was published. Soon after, he began work building blockchains and trading systems for a variety of stakeholders, be they scrappy startups or tier-1 financial institutions.

As a blockchain developer at Peernova, Rasmussen played a crucial role in the development of several important technology stacks, including Nasdaq’s LINQ cryptographic workflow, TZero’s first blockchain implementation for security tokens, State Street’s programme for capital lineage and more.

Before joining Coinsource, Rasmussen served as CTO for OTCXN, a global trading platform for digital and traditional assets, where he led the blockchain architecture team and pioneered new approaches to low-latency scalability for distributed ledgers. He holds patents for peer-to-peer network protocols, network access control, and decentralised mobile authentication.

He says: “I’m honoured to join this team. Sheffield and his team have played a pivotal role in bringing cryptocurrency to main streets and storefronts. As we enter the age of mass adoption, I cannot imagine a better place to be than Coinsource.”

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