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Custody

BitGo has plucked a finance vet out of retirement to lead institutional custody

Crypto custody provider BitGo has brought on Richard Corcoran, a veteran of the financial services world, to lead the firm's institutional business, the firm announced Thursday. BitGo safeguards crypto for hedge funds and mutual fund clients. Corcoran retired from First National Bank in Sioux Falls South Dakota in 2016 after 25 years. He was charged with leading its trust business. “I understand the regulatory requirements and how to comply with those standards and maintain compliance as we serve customers,” Corcoran told CoinDesk. He said the first big-ticket clients are in the process of being onboarded. (CoinDesk)