Home Digital Asset Cogni hires Gallant FX founder Simon Grunfeld as VP Web3

Cogni hires Gallant FX founder Simon Grunfeld as VP Web3

by Lottar


Simon left the FX business in 2010 when the Dodd-Frank bill was introduced and implemented in the United States.

Simon Grunfeld, founder of Gallant FX, has joined the US digital banking platform as VP of Web3, as per announcement.

Dubbed “the lifestyle-focused banking platform that bridges the gap between Web2 and Web3,” NY-based Cogni offers no-fee banking, access to 55,000 free ATMs worldwide, one-time cards and access to discounted gift cards as it offers a fully compliant, digital banking experience for mainstream user adoption with unique features.

Cogni is backed by some big names including Hanwha Asset Management, CXO Fund, FTX Ventures, Solana Capital, ROK Capital, 35 Ventures, Bluewatch Enterprises, World Quant, Hard Yakka and other well-known angel investors and venture capital firms.

Simon Grunfeld joins Cogni as VP of Web3 to lead the platform’s Web3 expansion to provide users with access to services across traditional banking, crypto, NFTs, gaming and the metaverse.

Simon Grunfeld, from FX to Web3

Simon Grunfeld is no stranger to the FX industry, having made a splash when he founded Gallant VPS and Gallant FX, a PaaS world leader in Forex trading technology serving both retail and institutional clients.

The Gallant VPS was a PaaS developed in-house to serve algo traders worldwide. Gallant FX was primarily an execution platform, allowing investors to speculate within the FX market.

Simon left the FX business in 2010 when the Dodd-Frank bill was introduced and implemented in the United States.

In 2014, he founded the crypto solutions and white label platform, Ibinex, to support enterprises in setting up their own crypto exchange. After leaving Ibinex, Simon took a role as SVP of Operations at Apifiny, a digital asset platform based in NY. In that role, Simon led new initiatives, building out the US and APAC offerings while planning for new ways to bring digital asset products to market. Digital payments, DeFi and tokenization of limited edition collectibles were some of these initiatives.

He is also an investor in Akemona, a digital asset tokenization platform that introduces digital securities to capital markets.

Simon Grunfeld, VP of Web3 at Cogni, said: “I am delighted to be joining Cogni, a cutting-edge, one-stop-shop banking platform that bridges the gaps between Web2 and Web3. Web3 is a massive growth factor in modern financial services, and represents a competitive advantage in making platforms compliant with fiat processing and other third-party integrations.

“Both retail and commercial users sleep much better knowing their platform has the right safeguards in place to stay in regulatory compliance. At Cogni, we not only welcome regulatory oversight, our future offerings will propel us as leaders in crypto and Web3 regulation.



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