Crypto India Magazine (CIM)’s Post

"Ira Auerbach Joins Offchain Labs to Lead Tandem, Strengthening Blockchain Venture Expertise" Ira Auerbach, previously the Senior Vice President and Head of Digital Assets at Nasdaq, has been appointed to lead Tandem, the venture capital division of Offchain Labs, the developer behind Ethereum scaling solution Arbitrum. Auerbach's extensive background spans both traditional finance and the cryptocurrency sector. At Nasdaq, he oversaw the strategic roadmap and product development for digital assets. Before his tenure at Nasdaq, Auerbach held several executive positions at Gemini, including Global Head of Gemini Prime, where he focused on building digital asset tools for the institutional space. His earlier career includes roles at Palantir Technologies, BGC Partners, and BNP Paribas, highlighting a trend of traditional finance professionals moving into the crypto space. Tandem, launched in August 2024, operates as Offchain Labs' partner studio and venture capital arm. Its mission is to support blockchain projects by providing funding, technical expertise, and strategic guidance, aiming to address complex technical challenges that hinder mass adoption of blockchain technology. Under Auerbach's leadership, Tandem plans to collaborate with projects across the blockchain ecosystem, not limited to the Arbitrum network. The division is already engaged with initiatives like Espresso Systems, which develops decentralized sequencing infrastructure, and Ex Populus, creator of the blockchain-focused gaming platform XAI.

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