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Former Signature Bank Crypto Payments Chief, 4 of His Team Join Fortress Trust

Joseph Seibert, formerly head of digital assets at Signature Bank, has brought over part of his risk and compliance team and a blockchain payments specialist. Joseph Seibert, formerly head of digital assets at Signature Bank, and four members of his Signet payments team have joined Fortress Trust, the Nevada-based chartered trust company with a focus on cryptocurrency and Web3. Signature Bank was shut down in March after depositors withdrew large sums of money following the collapse of Silicon Valley Bank (SVB). The popular Signet real-time payments platform, which Seibert oversaw, was launched in early 2019 and later integrated with digital asset custodian Fireblocks in 2020. Seibert, who is now managing director of the Fortress digital assets business, is working with part of the Signature Bank risk and compliance team and crypto payments specialists, to help exchanges, over-the-counter (OTC) desks and others in the industry solve their post-Signature/Silvergate fiat settlement at Fortress, he told CoinDesk. “Myself and four members of my digital assets team at Signature Bank are happy to announce we have found a new home at Fortress Trust,” Seibert said. “For now, it’s part of the risk and compliance team as well as a blockchain payments guru. I intend to add more people from Signature’s operations team and some salespeople in due course.” Fortress Trust, a regulated trust company with 22 money transmitter licenses, was formed by Scott Purcell, who previously oversaw digital asset innovation at Nevada-based Prime Trust. https://www.coindesk.com/business/202... #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #exclusive #exclusivenews #exclusivenewstoday #compliance #compliancenews #compliancenewstoday #hiring #hiringnews #hiringnewstoday #banking #bankingnews #bankingnewstoday #hires #hiresnews #crypto ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple