Eventus hires CTO Josh Bosquez as Crypto needs more market surveillance

Rick Steves

The RegTech firm has recently raised $30 million in a Series B funding round and is now on a hiring spree as the company expands geographically and technology-wise.

Eventus Systems has appointed Josh Bosquez as Chief Technology Officer (CTO), joining the firm after 24 years of software engineering experience, including more than 20 years in leadership roles in technology innovation, cloud-native platforms, cybersecurity, and compliance.

Josh Bosquez joins Eventus from Armor Cloud Security, where he was CTO for three years and responsible for the firm’s engineering, product, security, and compliance organizations for the SaaS cybersecurity offering.

Reporting to Eventus chief executive Travis Schwab, the new CTO will oversee the fast-growing team of engineers that design and maintain the firm’s Validus platform.

Josh Bosquez joins Eventus in time of fast-paced growth

The RegTech firm has recently raised $30 million in a Series B funding round and is now on a hiring spree as the company expands geographically and technology-wise.

The platform is used by more than 20 traditional and digital asset exchanges and a broad range of tier-1 banks, futures brokerages, broker-dealers, trading firms, and other financial institutions.

Canadian digital asset exchange Bitbuy is one of the new clients using the Eventus market surveillance technology as regulators tighten rules and oversight in the crypto space.

Eventus has also entered the Australian market through a partnership with stockbroker Morrison Securities. Other recent clients include First New York and Tradovate.

Travis Schwab, Chief Executive Officer at Eventus, commented: “Josh has a strong track record of developing innovative technology, scaling operations with growing teams and building wide-reaching, secure systems. As we further expand globally and explore new ways to help many of the world’s leading financial institutions address their evolving surveillance and risk challenges, Josh will lead our engineering team in introducing new technologies and identifying novel opportunities for enhancing Validus.”

Josh Bosquez, Chief Technology Officer at Eventus, said: “Eventus has assembled a stellar team of smart, experienced and dedicated engineers, as well as leaders, market practitioners and regulatory experts. I’m excited to play a role in growing the engineering team and ensuring that our technology is cutting-edge while remaining easy for our clients to use and customize.”

In a recent interview with Finance Feeds, Eventus CEO Schwab noted that “markets never become less regulated”, but there is a huge upside to that: markets grow because they become safer.

“We’re beginning to see that play out in crypto space”, he continued, pointing out that the Chairman of the CFTC wants to regulate spot crypto markets”.

Eventus has joined the digital asset wave, having partnered with TRM Labs and Notabene to form Project TEN, offering a one-stop compliance solution for the digital asset ecosystem, “a massive market”.

Project TEN solves the pointed regulatory issues for digital asset firms, including cryptocurrency anti-money laundering (AML), trade surveillance, as well as Travel Rule compliance for Virtual Asset Service Providers (VASPs).

As the world of finance never stops evolving, regulators won’t stop trying to fix it, which leads Eventus to never stop developing its solutions and infrastructure. “There are a lot of moving pieces in regulation”.

Read this next

Metaverse Gaming NFT

Despite crypto winter, Fastex grabs $23.2 million in Fasttoken token sale

Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).

Digital Assets

Iran to repay Russian debts in gold-backed stablecoins

A high-ranking member of the Russian parliament confirmed reports that his country was in talks with Iran to create a stablecoin for foreign trade settlements, to replace the dollar, ruble and Iranian rial.

Digital Assets

SEC denies Cathie Wood’s bitcoin ETF for second time

The approval of a regulated crypto derivative is still looking far less likely, as the US regulators have once again denied Cathie Wood’s application for a long-awaited spot bitcoin exchange-traded fund (ETF).

Executive Moves

Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Retail FX

Public.com goes all-in on alternative investing, launches Rare Sneaker Portfolio

“The concept of curated Portfolios means that our members will be able to invest in categories like art, trading cards, royalties, and real estate without needing to become subject matter experts on individual assets.”

Industry News

State Street taps AWS and Microsoft for cloud and infrastructure solutions

“By standardizing and simplifying our technology operating model, we will be able to more quickly deploy client environments and launch new products and services, while continuing to enhance the resiliency of our technology environment and our business operations.”

Institutional FX

Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms

“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”

Institutional FX

Options expands market data feeds after partnership with Tools for Brokers

“Our integration with ACTIV Financial marked the beginning of a new era in market data availability and infrastructure. Our teams have come together to provide unparalleled, fully managed market data services alongside Options’ global connectivity and infrastructure.”

Industry News

Recruitment in financial services sector buoyant despite planned mass layoffs

“It remains to be seen what impact this will have on hiring levels within the financial services arena this quarter”, said APSCo, regarding the expected mass layoffs within the financial services sector in England & Wales. 

<