According to ChainCatcher and reported by Bloomberg, former executives from Millennium Management LLC and Pacific Investment Management Company (Pimco) are launching a consulting business in the digital asset space. Benoit Bosc, who served as a portfolio manager at Millennium, and Michael Bressler, who recently held the position of Executive Vice President at Pimco, left their positions in October and August, respectively, to establish the digital asset consulting firm x2B. The company is set to launch in November and currently has 10 clients, charging based on a mix of future tokens and cash for projects.
The company will provide consulting services for crypto projects, including fundraising, token issuance, financial management, and market making arrangements. Bosc previously served as the General Manager of GSR, a digital asset market maker, while Bressler held the position of Global Head of Sales at the same company for a year and a half. In an interview, Bressler stated, 'Few people can understand the complex dynamics of token issuance at the intersection of high-end traditional finance and digital finance.' Bosc indicated that the industry will benefit from 'more professional and transparent practices' and added that x2B plans to drive 'greater accountability among various market participants and service providers involved in these issuances.'
