Share this article
Former Citigroup Executive Joins Provenance Blockchain as CEO
Morgan McKenney is the latest in a growing line of Wall Streeters leaving traditional finance for the cryptocurrency space.
Updated May 11, 2023, 5:58 p.m. Published Mar 1, 2022, 3:30 p.m.
The Provenance Blockchain Foundation has appointed veteran Citigroup executive Morgan McKenney as its new CEO.
- McKenney had been with Citi for 18 years, most recently as chief operating officer of the lender's global consumer banking division.
- Provenance is an open-source, public blockchain that was built specifically for the financial services industry and aims to help firms digitize and reduce costs and risks. More than $3 billion in transactions have been carried out on Provenance since its inception in 2013, and over 50 financial institutions now use the platform.
- Earlier this year, a group of U.S. banks joined forces to develop a U.S. dollar-pegged stablecoin that will operate on Provenance.
- McKenney joins a growing list of those moving from traditional finance to crypto. Most recently, late last week Goldman Sachs partner Roger Bartlett announced his exit from the investment bank to lead global financial operations at Coinbase (COIN).
Read more: Citi Plans to Hire 100 Staffers for Beefed-Up Crypto Division
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Firm Tether Says It Wants to Take Over Italian Football Club Juventus
The issuer behind the most popular stablecoin said that if the bid succeeds, it prepares to invest $1 billion in the football club.
What to know:
- Tether said it aims to take over popular Italian football club Juventus FC.
- The firm proposed to acquire Exor's 65.4% stake in an all-cash offer, and intends to make a public offer for the rest of the shares.
- Tether reported net profits exceeding $10 billion this year, while its flagship token USDT is the world's dominant stablecoin with a $186 billion market capitalization.
Top Stories
