Former Nasdaq digital assets head Ira Auerbach has joined Arbitrum developer Offchain Labs to lead Tandem, the Ethereum scaling project’s venture capital and partnership division.

Auerbach brings extensive experience from traditional finance and crypto, previously serving as Senior Vice President and Head of Digital Assets at Nasdaq.

Before that, he held leadership positions at Gemini, including Global Head of Gemini Prime. Auerbach’s earlier career also includes roles at Palantir Technologies, BGC Partners, and BNP Paribas.

The appointment reveals how traditional finance talent is shifting to build on crypto rails while leveraging their past experiences from Wall Street.

Auerbach will oversee Tandem operations as a partner studio and venture capital arm, providing selected projects with technical expertise, research support, financing, and go-to-market strategy assistance.

Projects under Tandem will work directly with Offchain Labs’ executive team and core developers, also known for developing Prysm, an Ethereum consensus client.

“We will hold extensive conversations with projects we feel passionate about,” Auerbach told Decrypt, adding

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Author: Vince Dioquino