CoinVoice has recently learned that, according to Bloomberg, former executives from Millennium Management LLC and Pacific Investment Management Company (Pimco) are starting a consulting business in the digital asset space. Benoit Bosc, who previously 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 will launch in November and already has 10 clients; it will charge 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 U.S. General Manager at digital asset market maker GSR, while Bressler was the Global Head of Sales at the company for a year and a half. In an interview, Bressler stated, 'Few people understand the complex dynamics of token issuance at the intersection of high-end traditional finance and digital finance.' Bosc noted that the industry will benefit from 'more professional and transparent practices' and added that x2B plans to push for 'various market participants and service providers involved in these issuances to take on more responsibility.' [Original link]
