The $19 billion-asset company said in a press
release Thursday that it added seven bankers with experience in business
development, technology, onboarding, payments and Bank Secrecy Act compliance.
“We made the commitment to be one of the top
financial institutions serving commercial cryptocurrency and digital asset
institutions and we understand all requirements, pitfalls and the possibilities
for crypto customers,” Sam Sidhu, the company’s president and CEO, said in the
release.
“These clients require a financial partner
that has the technology and agility to scale with their requirements throughout
the entire ecosystem, not just in one or two aspects of their business,” Sidhu
added.
The company hired Robb Layfield to serve as
managing director of digital assets and Dan Devine as senior vice president of
digital asset product development.
Customers completed a soft launch of Customers
Bank Instant Token (CBIT) in the fourth quarter that focused on 25 clients with
$1.5 billion of noninterest-bearing deposits.
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