Regulatory heavyweights join Omniex

Former US Securities and Exchange Commission Chairman Arthur Levitt and former Federal Deposit Insurance Corp Chair Sheila Bair (pictured above) have been added to the board of advisors at Omniex.

The cryptocurrency trading platform has also hired Maartje Bus, former Head of Capital Markets at Thomson Reuters, as Director of Strategic Partnerships, and Tom Eidt, former Head of KCG’s regulatory affairs, as Chief Compliance Officer and General Counsel.

Levitt was the 25^th and longest-serving Chairman of the SEC from 1993-2001. He currently serves as a Board Member at Bloomberg and Motif Investing, an Advisory Board Member of KCG, and a Senior Advisor for Promontory Financial Group. Additionally, he is an advisor to several emerging technology companies including Mirror, BitPay, Blockchain, PeerIQ and Sofi. Previously, he was a Senior Advisor to The Carlyle Group and Goldman Sachs.

Bair was the Chair of the FDIC from 2006 to 2011. She received numerous awards and recognitions for her work, including the JFK Library’s Profiles in Courage Award, being twice named by Forbes as the second most powerful woman in the world behind German Chancellor Angela Merkel in 2008 and 2009. She currently serves on a number of corporate and advisory boards and is the founding Chair of the Systemic Risk Council.

Bair says: “Technology like Omniex is designed to address regulators’ concerns about a lack of robust market infrastructure, and will enable institutional investors to manage risk across a wide range of jurisdictions, liquidity sources and crypto-assets.”

Levitt comments: “Institutional investors need purpose-built technology to solve the challenges they face today and equipped to handle the hidden obstacles they’ll encounter tomorrow in this new asset class. Omniex is ahead of the curve and will be the conduit that unifies the current fragmented crypto-ecosystem into a streamlined infrastructure.”

In the last ten months, Omniex has raised $10 million in seed funding from the likes of Wicklow Capital, Jump Capital, Digital Currency Group, Sierra Ventures, Clocktower Technology Ventures, Thirdstream Partners and Alan Howard of Brevan Howard.