Morgan McKenny, former executive of Citigroup, has become the last Wall Street rep to leave the traditional finance industry for the crypto industry.
The Provenance Blockchain Foundation has appointed Citigroup executive Morgan McKenney as CEO.
McKenney was COO of Citigroup for 18 years.
Provenance Blockchain is an open-source blockchain created for the financial services industry that aims to enable firms to digitize and reduce costs and risks.
Founded in 2013, Provenance Blockchain has processed more than $3 billion in transactions so far. More than 50 financial institutions also use Provenance Blockchain.
Earlier this year, several US banks partnered to develop a US dollar-pegged stablecoin that would run on the Provenance blockchain.
Seeking transitions from traditional finance to crypto. Last week, Roger Bartlett of Goldman Sachs announced that he was leaving the investment bank to manage global financial operations at Coinbase.
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