Ex-Millennium, Pimco Execs Launch x2B Firm

Due to Trump’s pro-crypto stance and market optimism, former finance executives launch crypto advisory x2B, offering tokenomics and fundraising advice.

Former executives from Pacific Investment Management Co (Pimco) and Millennium Management are establishing an advisory business in cryptocurrency. This follows the emergence of Donald Trump as the next US president, known to be a pro-crypto individual.

Benoit Bosc, a former portfolio manager at Millennium, and Michael Bressler, a former vice president at Pimco, resigned from their respective positions in October and August, respectively, to establish a new crypto consultancy firm, x2B.

The new project is anticipated to be launched this month and has already secured the support of ten clients. x2B will recompense them with a combination of cash and future tokens. The company will concentrate on offering guidance to crypto projects in the following areas: fundraising, tokenomics, exchange listings, and treasury management.

From traditional finance to token issuance, x2B endeavors to bridge the gap

Bosc and Bressler possess a wealth of experience from their previous positions in traditional finance. Before departing in 2023, both held senior positions at the crypto liquidity firm GSR. Bressler was the global head of sales for a year and a half, while Bosc was the US general manager.

Bressler clarified that most individuals are unaware of the token issuance process, particularly because it encompasses both traditional and digital finance. He underscored that x2B will levy fees through cash and future tokens. Bressler declared:

 “Few people understand the complex dynamics of token issuance at the intersection of high-end traditional finance and digital finance.”

Bosc reiterated Bressler’s assertion that the crypto industry would benefit from the professional and transparent practices that x2B will implement. He also stated that the company intends to motivate all parties involved in token issuance to assume greater responsibility.

Trump’s pro-crypto stance bolsters the launch of x2B in a bullish market

The launch of x2B coincides with a bullish trend in the crypto market, as Bitcoin recently reached a new all-time high of $82,000. Donald Trump’s election as the next president of the United States may have contributed to the enthusiasm surrounding the bullish crypto sentiment.

Trump has been outspoken in his advocacy for digital assets. During one of his campaign speeches, he cautioned crypto traders against selling their Bitcoin. Therefore, it is unsurprising that an increasing number of industries are now engaged in the crypto sector and that Trump’s administration is influencing the price of Bitcoin and the overall crypto market. This is because many individuals believe that his administration would be advantageous to the crypto industry in terms of less stringent regulation.

The crypto space would also benefit from implementing x2B during this period, facilitating the alignment of emerging projects with conventional financial systems. Their involvement in fundraising and token issuance is expected to contribute to the industry’s maturation, potentially resulting in a more regulated and sustainable market environment. Also, their expertise can help make crypto projects more organized and transparent, which could help raise the overall standards in the industry, making it more appealing to institutional investors.