Before joining BlockFi, which filed for bankruptcy last month, Rishi Ramchandi worked at Bank of America Merrill Lynch for more than a decade.
As the internet giant gets more involved in the field, a former BlockFi executive will run Google Cloud’s Web3 activities in the Asia-Pacific region.
Rishi Ramchandi was a vice president for the Asia area of the crypto lender BlockFi. Last month, as the effects of FTX spread, BlockFi filed for bankruptcy.
In a LinkedIn post on Tuesday, Mitesh Agarwal, who is the Managing Director of Google Cloud, said that Ramchandi had been hired by Google. Early this month, Ramchandi left BlockFi.
Before joining BlockFi, Ramchandi worked for almost a decade at Bank of America Merrill Lynch, which is now known as BofA Securities. There, among other things, he was a global stocks portfolio sales trader. He also helped start PinAlpha, a website for financial research that uses AI.
Sam Wellalage, the founder of WorkInCrypto.Global, told Blockworks last month that executives from FTX and BlockFi that he talked to wanted to stay in Web3, and that the recent failures of crypto startups will help the sector in the long run.
Alphabet’s CEO, Sundar Pichai, said earlier this year that Google was “certainly looking at blockchain.” He called it “an exciting and powerful technology with many uses.”
In May, Google’s cloud division put together a team to make services for app developers who use blockchain.
Also, in October, Google Cloud released the Blockchain Node Engine, which is a way for Web3 developers to host nodes. The tool was made to help make blockchain-based apps and platforms and get them up and running. At first, it was meant to work with Ethereum.
Last month, Google Cloud said that it was working with Solana to put Blockchain Node Engine on that chain next year.
Google Cloud’s move to Web3 structure is similar to Amazon’s Managed Blockchain – based system, which has supported Ethereum nodes-as-a-service since last year.
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