JPMorgan Hires Former Crypto Exec for Its Payments Innovation Team

Sarah Olsen, former managing director of corporate development at the crypto exchange Gemini, is now an executive director at JPMorgan’s Corporate & Investment Bank (CIB).

Before leaving Gemini in March, Olsen was involved in the exchange’s efforts to increase adoption of the stablecoin Gemini dollar (GUSD), forming a partnership with the crypto wallet SPEDN and listing GUSD on the crypto lending platform BlockFi.

Olsen also previously held marketing roles at financial services firms Apollo Global Management and Brightwood Capital. 

The Block reports that for her new position, Olsen is working on business development for JPMorgan’s wholesale payments innovation team. 

This isn’t the banking giant’s first high-profile hire from the crypto industry. In May, the firm hired the former chief executive of the cryptocurrency trading platform Bakkt, Mike Blandina, as head of wholesale payments technology.

JPMorgan is involved in several crypto initiatives, which include JPM Coin, the bank’s digital asset for settling transactions between clients of its wholesale payments business.

Last month, the largest bank in the United States announced that it’s offering banking services to the crypto exchanges Coinbase and Gemini.

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