Anchorage Digital Bank has recently welcomed Connie Shoemaker, a former Goldman Sachs executive, to its board of directors. Shoemaker currently holds the positions of COO and CFO at Bridgewater Associates Holdings, the parent company of the world’s largest hedge fund, Bridgewater Associates.
Anchorage Digital Bank stands out as the only crypto bank with a charter from the Office of the Comptroller of the Currency (OCC). While other institutions like Paxos and Protego have tried to secure a full charter from the OCC, they have faced challenges in moving beyond the provisional charter stage. The recent approval of spot Bitcoin exchange-traded funds (ETFs) has sparked a surge in institutional interest in crypto, leading to growth in Anchorage Digital’s business.
In response to the increasing demand for secure and federally regulated digital asset infrastructure, Anchorage Digital Bank has expanded its board of directors. Nathan McCauley, the co-founder and CEO of Anchorage Digital, expressed confidence in Shoemaker’s expertise from the traditional finance world. He highlighted her role in developing the commercial bank division at Goldman Sachs as particularly relevant to Anchorage Digital’s operations.
Shoemaker’s background includes serving as Goldman Sachs’ global head of strategy during the 2008 global financial crisis, where she played a key role in the growth of Goldman Sachs Asset Management (GSAM). She later served as the Chief Administrative Officer of Goldman Sachs Bank USA.
The addition of Connie Shoemaker to Anchorage Digital Bank’s board underscores the company’s commitment to enhancing the institutional ecosystem through its regulated services. As the cryptocurrency industry continues to evolve and attract more institutional players, Anchorage Digital is poised to leverage Shoemaker’s experience and insights to drive its growth and development.