Digital Prime Technologies appoints Tabacchi to board
17 November 2023 US
Image: Digital_Prime_Technologies
New Jersey-based provider of digital asset technology solutions, Digital Prime Technologies, has appointed James Tabacchi to its board of directors.
As the current president and CEO of South Street Securities Holdings, Tabacchi brings extensive experience in strategic leadership to the position that, the firm believes, will be instrumental in driving further growth.
His guidance and insights will be vital to Digital Prime Technologies, the firm says, as it plans to enhance its offering and navigate the complexities of the financial technology landscape.
The announcement follows the recent launch of the firm鈥檚 institutional digital asset lending platform, Tokenet.
Tokenet aims to create a 鈥渞eliable ecosystem for users to interact with trusted counterparties鈥�, allowing firms to post borrow needs and lending availability, manage collateral, as well as access a full reporting suite through an enterprise-grade system.
At the time of the launch, Digital Prime Technologies co-founder and CEO James Runnels said the move was 鈥渁n important and exciting step towards establishing trust and transparency in digital asset lending鈥� and that the platform 鈥渞edefines digital asset lending and embraces the regulatory safeguards of traditional finance鈥�.
SFT spoke to the firm鈥檚 head of lending solutions Courtney Campbell in Issue 322 about spearheading the firm鈥檚 new digital asset lending platform.
Tabacchi joins the firm鈥檚 board with more than 20 years of experience at New York-based broker-dealer South Street Securities and its technology firm Matrix Applications 鈥� which he co-founded alongside a number of predecessor companies. He currently serves as CEO.
Prior to this, he spent more than two decades at Citibank (formerly Citicorp) where he worked in various customer interface and business head positions within the investment, corporate and consumer banking divisions.
Commenting on the appointment, Runnels says: 鈥淲e are confident that the addition of Jim and his guidance will help further our agenda to deliver digital asset prime brokerage, borrow, lend and execution solutions with best practices being top of mind.鈥�
As the current president and CEO of South Street Securities Holdings, Tabacchi brings extensive experience in strategic leadership to the position that, the firm believes, will be instrumental in driving further growth.
His guidance and insights will be vital to Digital Prime Technologies, the firm says, as it plans to enhance its offering and navigate the complexities of the financial technology landscape.
The announcement follows the recent launch of the firm鈥檚 institutional digital asset lending platform, Tokenet.
Tokenet aims to create a 鈥渞eliable ecosystem for users to interact with trusted counterparties鈥�, allowing firms to post borrow needs and lending availability, manage collateral, as well as access a full reporting suite through an enterprise-grade system.
At the time of the launch, Digital Prime Technologies co-founder and CEO James Runnels said the move was 鈥渁n important and exciting step towards establishing trust and transparency in digital asset lending鈥� and that the platform 鈥渞edefines digital asset lending and embraces the regulatory safeguards of traditional finance鈥�.
SFT spoke to the firm鈥檚 head of lending solutions Courtney Campbell in Issue 322 about spearheading the firm鈥檚 new digital asset lending platform.
Tabacchi joins the firm鈥檚 board with more than 20 years of experience at New York-based broker-dealer South Street Securities and its technology firm Matrix Applications 鈥� which he co-founded alongside a number of predecessor companies. He currently serves as CEO.
Prior to this, he spent more than two decades at Citibank (formerly Citicorp) where he worked in various customer interface and business head positions within the investment, corporate and consumer banking divisions.
Commenting on the appointment, Runnels says: 鈥淲e are confident that the addition of Jim and his guidance will help further our agenda to deliver digital asset prime brokerage, borrow, lend and execution solutions with best practices being top of mind.鈥�
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