Nivaura a Fintech regulated startup based in London supported by the London Stock Exchange Group, has hired HSBC banker Chris Jones, the company said.
The company helps legal documents capital market process users. The Marquis rent will advise on product characteristics and relationships of influence of the city to widespread use of Nivaura blockchain based system.
In February, a strategic investment Nivaura raised $ 20 million round led by the London Stock Exchange Group. Other investors in the financing round include Allen & Overy, Linklaters, Orrick, Santander InnoVentures, Aegon Asset Management, a half-game Ventures, and the Group of digital currency.
Before joining the launch, Jones worked for HSBC, based in London for 15 years as global head of local currency union for eight years and global director of multilateral trade negotiations and structured notes for seven years.
He also worked in a similar role at Deutsche Bank before HSBC, according to his LinkedIn profile.
In the statement, Jones said Nivaura progress is due in part to “collaboration with market participants” and hopes his “experience and relationships will help improve those efforts.”
“There is a significant opportunity to help the capital markets become more digital.”
Nivaura CEO Avtar Sehra added:
“Chris has a deep understanding of capital markets execution, and in recent years has also been involved in a number of proprietary and third-party capital markets technology initiatives.”
Nivaura flagship platform, Aurora, uses the blockchain to help banks, issuers and law firms create and execute legal documents related to new issues and disseminate data to agents, securities depositories and custodians.
Your system can be built in any blockchain, but his most recent transaction – Santander – was held in Ethereum.
Founded in 2016, Nivaura said he participated in the five sandboxes for regulating the Financial Conduct Authority regulator UK, winning the last regulatory approvals.
Handshake miniature via Shutterstock