TLDR Tech / Crypto
Compound Foundation Hires Coinbase and Anchorage Alumni
Compound Foundation named four executives to lead an institutional expansion: Executive Director Aaron Schnarch (former Anchorage Digital COO and Coinbase Custody CEO, with custody on 9 of 11 spot bitcoin ETFs), COO Christopher Donovan (ex-NEAR Foundation), CPO Steven Liu (ex-Maple Finance and Anchorage Digital), and CTO Leo Eikelman (ex-Coinbase Institutional). The DAO approved a $52M two-year budget via Proposal 582 in May with 1.88 million COMP in favor and zero against, split $28M for operations and $24M for institutional growth, with $38M held in a milestone-gated Program Reserve and $14M released to the Foundation multisig. The initiative targets banks and asset managers with permissioned vaults featuring KYC/AML controls, tokenized equities as collateral, and portfolio-aware risk management.
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