Cogni hires Gallant FX founder Simon Grunfeld as VP Web3

Rick Steves

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

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

Dubbed “the lifestyle-focused banking platform bridging the gap between Web2 and Web3”, NY-based Cogni offers zero-fee banking, access to 55,000 free ATMs worldwide, single-use cards, and access to discounted gift cards, as it builds 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 ventures, 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 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 as he made a splash when he founded Gallant VPS and Gallant FX, a PaaS world leader in Forex trading technologies serving both retail and institutional clients.

The Gallant VPS was a PaaS that was developed in-house to service algo traders globally. 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 put into effect 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, built 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 a few of these initiatives.

He is also an investor at Akemona, a tokenization platform for digital assets that introduces digital securities to capital markets.

Simon Grunfeld, VP of Web3 at Cogni, commented: “I’m thrilled to join Cogni, a cutting-edge, “one-stop-shop” banking platform bridging 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 a lot better when they know that their platform has the proper safeguards in place to remain in regulatory compliance. At Cogni, not only do we welcome regulatory oversight, our future offerings will propel us as frontrunners in crypto and Web3 regulation.”

Read this next

Digital Assets

TON Foundation teams up with HashKey on fiat access for Telegram Wallet

The TON Foundation, a collective of developers behind The Open Network (TON) blockchain, has entered into a strategic partnership with digital asset financial services firm HashKey Group.


BlockDAG aka Kaspa’s Toughest Competitor Releases DAGpaper, Lightes Up The Las Vegas Sphere Pulling Shiba Inu Investors & Amassing $16.4M in Presale

BlockDAG, emerging as a Kaspa competitor, unveils its DAGpaper, spotlighting the Las Vegas Sphere and captivating Shiba Inu investors with a $16.4M presale success.

Fundamental Analysis

Global FX Market Summary: USD, ECB, Gold, Oil  April 12 ,2024

A strong US economy, cautious Fed policy compared to Europe, and safe-haven demand are all fueling the surge of the US Dollar.

Digital Assets

Thai crypto exchange Bitkub eyes $3 billion valuation

Thailand’s largest cryptocurrency exchange Bitkub is gearing up for a public offering next year with a potential valuation of up to $3 billion, according to Bitkub Capital Group CEO Jirayut Srupsrisopa.

Technical Analysis

GBPUSD Technical Analysis Report 12 April, 2024

GBPUSD currency pair can be expected to all further toward the next support level 1.2400, target price for the completion of the active minor impulse wave.

Market News

Navigating Currency Trends: Extensive Analysis on EUR/USD Signal

Traders Union provides comprehensive daily analysis and signals for EUR/USD.

Retail FX

Axi extends sponsorship of Brazilian Esporte Clube Bahia

Forex and CFD broker Axi has just announced they’re extending their sponsorship with Brazilian Serie A team Esporte Clube Bahia into the 2024 season.

Digital Assets

Binance-backed Gopax narrows losses amid strong crypto trading

Binance-backed cryptocurrency exchange Gopax reported lower net losses for 2023, according to its parent company Streami’s year-end financial report.


99Bitcoins Launches Learn-To-Earn Presale and Raises $150K On First Day

99Bitcoins, established in 2013, has recently begun its token presale in an effort to harness the current upward trend in Bitcoin’s value. The 99BTC team, seizing this opportunity, offers its learn-to-earn platform, a longstanding resource in cryptocurrency education.