Connie Shoemaker currently serves as the COO and CFO of asset management firm Bridgewater Associates’ parent company.

Crypto custody firm Anchorage Digital has added Connie Shoemaker, a former Goldman Sachs executive, to its board of directors.

Shoemaker currently serves as the COO and CFO of Bridgewater Associates Holdings, the parent company of Bridgewater Associates, the world’s largest hedge fund.

Anchorage Digital is the only crypto bank currently chartered by the Office of the Comptroller of the Currency (OCC). Other institutions, including Paxos and Protego, have attempted to receive a full charter from the OCC but have failed to move past the provisional charter hurdle. With the boom of institutional interest in crypto spurred by the approval of spot Bitcoin exchange-traded funds (ETFs), Anchorage Digital’s business is growing, a company spokesperson said.

In a Thursday announcement, Anchorage Digital said the expansion of its board of directors was part of an effort to “meet rising institutional demand for safe, secure and federally regulated digital asset infrastructure.”

Anchorage Digital’s co-founder and CEO Nathan McCauley told CoinDesk through a company spokesperson that Shoemaker’s track record in the trad-fi world will be “invaluable” as the company continues to grow, adding that her experience building the commercial bank division at Goldman Sachs is “highly applicable” to Anchorage Digital’s work.

“By adding Connie to the board of Anchorage Digital Bank, we are doubling down on our commitment to advance the institutional ecosystem with our federally regulated offering,” McCauley said.

Shoemaker was Goldman Sachs’ global head of strategy during the 2008 global financial crisis, during which she oversaw the growth of Goldman Sachs Asset Management (GSAM). She was later Goldman Sachs’ Chief Administrative Officer.

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Anchorage will be offering digital asset custody services to Bitkub, Dream Trade, FBG Capital, GMO-Z.com Trust Company, IOSG Ventures and Antalpha.

U.S.-regulated cryptocurrency custody specialist Anchorage Digital is continuing its push into Asia, naming a brace of new institutional partners in the region.

Following Anchorage’s recent participation in a Japanese yen-denominated stablecoin project, the firm is partnering with Bitkub, Dream Trade, FBG Capital, GMO-Z.com Trust Company, IOSG Ventures, and Antalpha, the companies said on Wednesday.

Asia’s financial institutions and wealthy investors have among the highest exposures to crypto on the planet, according to Anchorage Digital co-founder and President Diogo Mónica. That said, places like Singapore, where Anchorage now has a 10-staff office, have rolled back somewhat on digital assets with the Monetary Authority of Singapore (MAS) calling for a crackdown on irresponsible crypto firms.

Being a U.S. federally regulated crypto firm means added scrutiny actually works in Anchorage’s favor, and life is also made easier by having to only work with one regulator, the MAS, as opposed to the mix of watchdogs in the U.S., Mónica said in an interview with CoinDesk.

“Currently about 10% of our business is in the Asia region, but we are projecting it to become closer to 10, to 20, to 25%, in the next 12 to 18 months,” Mónica said. “And I can tell you that working with regulators in Singapore is a breath of fresh air,” compared with the regulatory mishmash in the U.S.

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