Bitfrost welcomes OKONTO founder Anton Chashchin as Managing Partner
He founded OKONTO, a digital asset platform based in Estonia, in 2011. In October, Bitfrost acquired the exchange.
Bitfrost has welcomed Anton Chashchin as Managing Partner, taking on the role to spearhead the firm’s international growth.
Anton Chashchin was the Chief Business Development Officer at OKONTO, where played an integral role in the firm’s evolution as a premium provider of institutional digital asset services.
OKONTO was then acquired by Bifrost and Chashchin’s invaluable expertise and strong relations with institutional clients are expected to lead Bitfrost’s strategic growth trajectory across all business areas as the firm expands its operations in Switzerland, the EU, Gibraltar, and Singapore.
Anton Chashchin, Managing Partner at Bitfrost, commented: “I’m excited to be able to contribute to the development and future of the fintech industry as Managing Partner of Bitfrost. As the sector continues to evolve rapidly, the unlimited potential of digital assets in addition to traditional ones will only improve the quality and broadening of the financial services industry.” says Chashchin.”
The new managing partner at Bifrost has more than 10 years of experience in digital markets, including the role of Managing Partner at CEX.IO Prime after working at the digital asset exchange as Head of OTC Desk and Commercial Director at CEX.IO Loan.
His biggest accomplishment was the founding and leading the business development of OKONTO since 2011, a time when blockchain and cryptocurrency exchanges were still a new thing and there were no roadmaps available to develop, implement, and expand such infrastructure.
At OKONTO, he was a leading figure in the building of the platform’s crypto infrastructure and the wider digital asset industry. OKONTO is registered in Estonia since 2011. The company’s activity is regulated by the Estonian Financial Intelligence Unit under the provisions of Money Laundering and Terrorist Financing Prevention Act.
The company is licensed to provide services of exchanging a virtual currency against a fiat currency and carrying out financial operations, and licensed to provide a virtual currency wallet service.
Over the next few months, Bitfrost plans to integrate its systems with the OKONTO digital assets platform.
The integration will significantly increase Bitfrost’s ability to offer clients a highly profitable, innovative environment for the varied use of digital assets alongside the high-speed processing of transactions across institutional-grade infrastructure and products.
When Bitfrost announced the acquisition of OKONTO, the firm stated Anton Chaschin will lead Bitfrost’s Lending and Prime Services and expand licensing and operations in Switzerland, the European Union, Gibraltar, Singapore, and other Asian markets.
OKONTO is a global institutional crypto OTC and lending provider that will enhance the capabilities of Bitfrost as a provider of cryptocurrency services and consulting to its growing list of institutional clients. Bitfrost is a multichain middleware platform that enables developers to create DApps on top of multiple protocols.
Bitfrost has already started license expansion to have global regulatory coverage. It is in the process of obtaining licenses in Gibraltar, Switzerland, Cyprus, Hong Kong and the United Kingdom.