LedgerEdge, a proposed blockchain-based start-up platform for the corporate bond market, has hired Tim Cook as Head of Business Development.
Tim will lead a series of market-wide working groups in the coming months to validate and refine the technology and business approach. These working groups will investigate, test and refine product design, including the value proposition of using blockchain technology, artificial intelligence and secure enclave computing to improve market function.
Based on this close collaboration with the market, LedgerEdge will build a prototype platform that lets participants share data and orders with more nuance and intelligence, and execute trades with minimal data leakage.
It will also create an entirely new market for data in which users benefit from the value their trade data generates.
The working group sessions, which will run from late September to late November.
“Our goal is as ambitious as it is exciting; to deliver a fundamentally better ecosystem and experience for finding data, sharing data and executing trades in the corporate bond market,” said Tim. “The only way to deliver on this promise is to listen to the diverse requirements of all market segments and have them both validate and challenge our working assumptions.”
“Tim brings deep market knowledge and passion to LedgerEdge, and he will play a critical role in engaging the most forward-thinking market participants,” said David Nicol, CEO of LedgerEdge. “I’m also excited to share our plans with the market through the upcoming working groups, which will ensure that we deliver a product with real value.”
Tim was formerly Head of EMEA and APAC Sales at LiquidityEdge, which was also founded by LedgerEdge founder and R3 CEO David E. Rutter. LiquidityEdge was sold to MarketAxess in 2019 for US$150 million.