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Spotex, the institutional trading venue for FX, precious metals and digital assets, has appointed Joe Tuccio as Head of Digital Assets.
Tuccio joins the US-based firm at a pivotal stage in its growth as Spotex builds on its established expertise in FX and precious metals to expand its institutional offering across digital assets.
Tuccio was previously Head of Digital Partnerships at Seabury Capital, a long-time investor in Spotex. He brings 20 years' financial markets experience to the firm, with almost half his career focused on institutional digital assets.
He has held global business development roles at Elysium Technology Group and BOSONIC, and was Managing Director, Global Head of Digital Asset Management at Nukkleus Capital, which he helped scale ahead of its sale in 2020. He was also Head of Business Development at Noble Bank, the first crypto bank in the US, where he was responsible for growing its global footprint. Prior to moving into digital assets, Tuccio gained extensive experience in institutional FX, including senior roles at ED&F Man, FIXI Americas and FC Stone (now StoneX).
Over recent months, largely through leveraging Tuccio's industry network, Spotex has formed partnerships with over a dozen liquidity providers and custodians including Wincent, Wintermute, B2C2 and Keyrock Crypto. Spotex is also the first crypto ECN to be integrated with Anchorage Digital's settlement platform.
In his full-time role at Spotex, Tuccio will focus on building additional trusted institutional digital asset partnerships and growing the firm's digital asset client base, as well as expanding Spotex's network of TradFi relationships.
John Miesner, Chief Executive Officer, Spotex
John Miesner, Chief Executive Officer, Spotex said:
"Joe is ideally placed to help us to meet our growth ambitions and become a market leading institutional trading venue for FX and digital assets. Over the last 16 years, Spotex has built a strong reputation for delivering institutional-grade FX trading capabilities to brokers, hedge funds and asset managers. We now bring the same execution standards and technology that have defined our FX business to a new generation of crypto market participants. Joe's appointment strengthens our ability to expand our crypto offering and support clients at a time when digital assets are become an increasingly important part of their institutional trading strategies."
Joe Tuccio, Head of Digital Assets, Spotex
Joe Tuccio, Head of Digital Assets, Spotex commented:
"Spotex has a clear opportunity to grow its share of the institutional digital assets market. FX clients are increasingly looking at expanding to digital assets, and we can make that process simple, seamless and cost-effective by offering one venue, one API and access to quality liquidity across FX, precious metals and digital assets.
"As the US strengthens its position as a leading global crypto hub, being based in the US, with servers in NY4 is a significant advantage for Spotex, alongside our long-standing reputation in institutional FX. This is ideal timing to be driving the digital asset side of the business forwards and I am very excited about playing a major role in accelerating Spotex's growth."
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