Cogni Hires Gallant FX Founder Simon Grunfeld as Web3 VP

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Simon left the FX business in 2010 when the Dodd-Frank bill was introduced and implemented in the United States.

Simon Grunfeld, founder of Gallant FX, has joined the US digital banking platform as Vice President of Web3, as announced.

Dubbed “the lifestyle-focused banking platform that bridges the gap between Web2 and Web3,” New York-based Cogni offers no-fee banking, access to 55,000 free ATMs across the world, single-use cards and access to discounted gift cards, while creating a fully compliant digital banking experience for mainstream user adoption with unique features.

Cogni is backed by big names including Hanwha Asset Management, CXO Fund, FTX Ventures, Solana Capital, ROK Capital, 35 Ventures, Bluewatch ventures, World Quant, Hard Yakka and other well-known angel investors and venture capitalists .

Simon Grunfeld joins Cogni as Vice President of Web3 to lead the Web3 expansion of the platform to provide users with access to traditional banking, crypto, NFT, games and metaverse services.

Simon Grunfeld, from FX to Web3

Simon Grunfeld is no stranger to the FX industry as he made a splash when he founded Gallant VPS and Gallant FX, a global leader PaaS of Forex trading technologies serving retail and institutional clients.

The Gallant VPS was a PaaS that was developed in-house to serve algo traders worldwide. Gallant FX was primarily an execution platform, allowing investors to speculate in the forex market.

Simon left the FX business in 2010 when the Dodd-Frank bill was introduced and implemented in the United States.

In 2014, he founded the crypto and white label solutions platform, Ibinex, to support companies in setting up their own crypto exchange. After leaving Ibinex, Simon served as Senior Vice President of Operations at Apifiny, a New York-based digital asset platform. In this role, Simon led new initiatives, expanded offerings in the US and Asia-Pacific, while planning new ways to bring digital asset products to market. Digital payments, DeFi and the tokenization of limited edition collectibles were some of these initiatives.

He is also an investor in Akemona, a digital asset tokenization platform that brings digital securities to capital markets.

Simon Grunfeld, Vice President of Web3 at Cogni, commented: “I’m excited to join Cogni, a cutting-edge ‘one-stop-shop’ banking platform that bridges Web2 and Web3. Web3 is a massive growth driver in modern financial services and represents a competitive advantage in bringing platforms into line with fiat processing and other third-party integrations.

“Commercial and retail users sleep much better when they know their platform has the right protections in place to stay compliant with regulations. At Cogni, not only do we welcome regulatory oversight, but our future offerings will propel us into as pioneers of crypto and Web3 regulation.

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