Digital asset specialist BitGo has appointed Adam Sporn as head of US institutional sales.
He will lead a US sales team at the Palo Alto-based company that provides institutional customers with regulated, insured and qualified custody, along with financing and execution services, from a single platform.
BitGo has been delivering integrated trading, lending and borrowing services through its prime brokerage services unit since 2020.
Sporn joins from State Street, where he was previously managing director and senior sales executive for the Boston firm’s Enhanced Custody programme. This offers bank financing to buy-side clients and family offices as an alternative to prime brokerage.
With over 20 years of experience in senior securities finance and prime brokerage sales, Sporn previously worked in BNY Mellon’s principal financing programme, Borrow Plus, as managing director and head of business development and relationship management.
Before this, he served for 11 years with Morgan Stanley in the firm’s prime brokerage and securities lending groups.
Speaking about the appointment, BitGo’s chief executive Mike Belshe says: “Adam will help us to further scale BitGo’s leading prime brokerage capabilities and strengthen our position as the preferred digital asset partner for institutional clients.”
