Former Barclays chief Antony Jenkins joins bitcoin startup Blockchain

Announcements | December 13, 2016 By:

Blockchain has announced the appointment of the former chief executive at Barclays, Antony Jenkins, as an independent director on its board.

The move to add a former banker is notable for Blockchain, which says it remains committed to bitcoin and digital currency for their own sake as potential alternatives to traditional services. Blockchain CEO and co-founder Peter Smith said Blockchain is on pace to do some $50 billion worth of transactions this year, with about a third of it coming from institutions.

“I wanted to collaborate with Antony for a simple reason: wisdom to navigate crossing the chasm from a simple, burgeoning technology to enabling a whole new financial ecosystem. From our humble origins in York, our software now powers more transactions each week (hundreds of thousands) than any other privately held technology company I’m aware of and, as a result, we manage an increasingly complex global operation. Antony is one of the few that’s led a company that already does this and at a far greater scale — I’m looking forward to learning how to do it,” said Smith.

On the board, Mr. Jenkins joins the firm’s co-founders, Chief Executive Peter Smith and President Nick Cary, along with venture capitalist Jeremy Liew of Lightspeed Venture Partners—one of the earliest backers of Snap Inc.—and Michael Jackson, the former operating chief of Skype.

Blockchain is a leading bitcoin wallet service provider and reached a major milestone last month as it registered its 10 millionth wallet. It has raised over $30 million in capital from top tier investors including Lightspeed Venture Partners, Wicklow Capital, and Sir Richard Branson.