Catenaa, Monday, November 18, 2024 –Two former executives from Millennium Management LLC and Pacific Investment Management Co. have launched a new digital-asset advisory business, x2B, amid growing optimism in the crypto sector following Donald Trump’s reelection.
Benoit Bosc, former portfolio manager at Millennium, and Michael Bressler, a former executive vice president at Pimco, left their positions in October and August, respectively, to co-found x2B.
The firm will provide advisory services to crypto projects, focusing on fundraising, token launches, treasury management, and market-making.
Bressler, who previously worked as global head of sales at digital-asset market maker GSR, emphasized the firm’s expertise at the intersection of traditional and digital finance.
x2B aims to bring a more professional and transparent approach to the crypto industry, with a focus on accountability in token launches.
Launched in November, x2B already has 10 clients and will charge fees in a combination of cash and future tokens.
