The London Stock Exchange Group (LSEG) has posted a job advertisement on LinkedIn for a director of digital assets, saying it’s seeking a digital assets lead with a “passion” for digital assets, crypto, and blockchain.
LSEG states that, among other qualifications and abilities, it seeks candidates with a “passion for and understanding of distributed ledger technology, digital assets, and cryptocurrencies.”
As per the job advertisement, the prospective digital asset manager for LSEG will be responsible for developing LSEG’s brand and ecosystem in digital private markets and assisting in the formulation and implementation of a commercial strategy for “a suite of new infrastructure solutions and capabilities.”
This latest development follows the London Stock Exchange’s announcement that it will use blockchain technology to create a trading platform for traditional assets.
The legacy financial institution announced its intention to use the technology to improve the efficacy of holding, purchasing, and selling conventional assets on September 4.
Nonetheless, at the time, Murray Roos, director of capital markets for the LSE Group, stated unequivocally that the organization had no plans to develop anything crypto-related.
In October, the United Kingdom announced plans to implement regulations about stablecoins. It passed a bill authorizing authorities to seize Bitcoin used for criminal activity, constituting a crackdown on the domestic cryptocurrency scene.
The U.K. financial watchdog issued a marketing compliance warning to cryptocurrency companies in September, with a January 2024 deadline to comply with its standards.
