SCOOP: Joseph Seibert, formerly head of its digital assets at Signature Bank, and four members of his Signet payments team have joined Fortress Trust, the Nevada-based chartered trust company with a focus on cryptocurrency and Web3. By IanAllison123
Seibert, who is now managing director of the Fortress digital assets business, is working with part of the Signature Bank risk and compliance team and crypto payments specialists, to help exchanges, over-the-counter desks and others in the industry solve their post-Signature/Silvergate fiat settlement at Fortress, he told CoinDesk.
“Myself and four members of my digital assets team at Signature Bank are happy to announce we have found a new home at Fortress Trust,” Seibert said. “For now, it’s part of the risk and compliance team as well as a blockchain payments guru. I intend to add more people from Signature’s operations team and some salespeople in due course.”
Fortress Trust, a regulated trust company with 22 money transmitter licenses, was formed by Scott Purcell, who previously oversaw
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