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

INX combines SEC-registered security tokens and cryptos in one platform

“By bringing together our security token trading platform with our cryptocurrency trading platform and primary offering services, INX is pioneering a new era of digital asset investing for both primary and secondary markets that benefits everyone – not just a select few.”

Industry News

Bitso launches QR code payments for crypto in Argentina

“This is an especially important product offering for Argentina as it provides users protection from the adverse economic factors such as inflation and currency devaluation.”

Institutional FX

CLS FX volume continues downward trend in August

Total daily traded volume submitted to CLS for settlement took yet another step back in August.

Digital Assets

Huobi taps AstroPay to facilitate fiat-to-crypto payment in Latin America

Huobi, the world’s sixth-largest crypto exchange by trading volume, has recently partnered with payment solution provider AstroPay to launch local currency account deposits and withdrawals in Latin America.

Digital Assets

Crypto exchange FTX to raise $1 billion at flat valuation of $32 billion

FTX is reportedly in discussions with a clutch of heavyweights from traditional finance to raise up to $1 billion in fresh funding to fuel more deal-making.

Digital Assets

Revolut US launches trading on Avalanche, Solana, and Dogecoin

British fintech and banking firm Revolut has further expanded its cryptocurrency offering in the US with the addition of 29 new tokens.

Digital Assets

Bahrain greenlights eazyPay to launch Binance Pay

The Central Bank of Bahrain has blessed a new partnership inked by Binance with Eazy Financial Services ‘eazyPay’, a local POS and online payment service provider. The greenlight enables EazyPayto to launch Bitcoin and cryptocurrency payments in the region.

Digital Assets

Coinbase approved to offer crypto for Dutch users

Nasdaq-listed crypto exchange operator Coinbase has been handed regulatory approval to operate as a crypto service provider in the Netherlands.

Metaverse Gaming NFT

AC Milan partners with Solana-based NFT football game MonkeyLeague

“Partnering with champions like AC Milan, an absolute iconic Club throughout footballs history, is another testament to what we are building and where we are headed as a game and game studio. It also represents a key step in our plans to bridge the Web2 and Web3 worlds.”