BINANCE-BACKED CRYPTO BANK APPOINTS DEUTSCHE BANK EXECUTIVE AS NEW CEO

The landscape of cryptocurrency and traditional finance is constantly evolving, and a recent development highlights the increasing convergence of these two worlds. El banco de criptomonedas Founders Bank, con sede en Malta, ha nombrado a un ex ejecutivo del Deutsche Bank como su nuevo director general, seg n un informe de Bloomberg del 9 de mayo.Founders Bank, a Malta-based crypto bank backed by the global crypto exchange giant Binance, has announced the appointment of Kenan Altunis, a former executive at Deutsche Bank, as its new CEO. Meet Richard Teng, Binance's New CEO. 😍💪 Binance, one of the leading cryptocurrency exchanges, recently appointed Richard Teng as its new CEO. Let's delve into Richard Teng's background and journeThis strategic hire signifies a significant step for Founders Bank as it aims to bridge the gap between blockchain-based startups and established financial institutions in the Eurozone. In April 2025, Binance launched Binance Smart Chain, which has smart contract functionality and is an Ethereum competitor. In February 2025, Forbes placed him third on their list of The Richest People In Cryptocurrency, with an estimated net worth of $1.1-2 billion. [18] [20] In 2025, Zhao launched Binance's U.S. affiliate, Binance.US. [21]Altunis' extensive experience in institutional finance and regulatory compliance positions him perfectly to lead Founders Bank in its mission to provide crucial financial services to the rapidly growing crypto industry.

This move also reflects the broader trend of traditional financial institutions recognizing the potential of the digital asset market and seeking to integrate with it.The appointment of a seasoned executive like Altunis underscores the seriousness with which Founders Bank, and by extension Binance, is approaching this endeavor.It signals a commitment to building a robust, compliant, and trustworthy financial ecosystem for the burgeoning crypto space.Furthermore, it represents a strategic advantage for Founders Bank, allowing it to navigate the complexities of regulatory landscapes and foster trust with traditional banking partners.

In this article, we will delve into the details of this appointment, explore the implications for Founders Bank, and examine the broader context of the growing relationship between crypto and traditional finance.We'll also look at the roles of Richard Teng, the new CEO of Binance, and other key players shaping the future of digital assets.

Kenan Altunis: From Deutsche Bank to Leading a Crypto Bank

Kenan Altunis brings a wealth of experience from the traditional finance sector to his new role at Founders Bank. , SATURDAY Binance-backed crypto bank Founders Bank appointed former Deutsche Bank executive Kenan Altunis as its new CEOPrior to joining the crypto bank, he served as a co-head of the institutional client group at Deutsche Bank's corporate and investment bank.This position involved working directly with institutional investors and regulators, giving him valuable insights into the needs and challenges of both sides of the financial spectrum.

His background makes him exceptionally well-suited to navigate the regulatory hurdles and compliance requirements that are often a barrier for crypto-related businesses.His experience in dealing with regulators within traditional finance will be invaluable as Founders Bank seeks to provide banking services to crypto startups. In November 2025, Richard succeeded Changpeng Zhao as Binance CEO. Prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), where he showcased his capabilities as one of the world s foremost innovative regulators.Altunis' appointment demonstrates a commitment to legitimacy and regulatory adherence, which can be crucial for building trust with traditional banking partners.

What are the Key Skills Altunis Brings to Founders Bank?

• Regulatory Compliance Expertise: His experience dealing with regulators is crucial for navigating the complex legal landscape of crypto.
• Institutional Client Management: He understands the needs and concerns of institutional investors, essential for attracting capital and partnerships.
• Strategic Leadership: He's positioned to lead Founders Bank through its next phase of growth and development.

Founders Bank: Bridging the Gap Between Crypto and Traditional Finance

Founders Bank operates with a clear mission: to provide financial services to cryptocurrency-based startups and companies in the Eurozone.This is a critical function, as many crypto businesses struggle to access traditional banking services due to regulatory uncertainty and perceived risks. lt;p gt;Binance-backed crypto bank Founders Bank appointed former Deutsche Bank executive Kenan Altunis as its new CEO lt;/p gt;Founders Bank aims to fill this void, offering a range of services tailored to the unique needs of the crypto industry.

Backed by Binance, one of the world's largest cryptocurrency exchanges, Founders Bank has the resources and expertise to offer a robust and reliable banking platform. According to Odaily, Copper, a cryptocurrency custody firm, has appointed former Goldman Sachs Managing Director Amar Kuchinad as its new CEO. Kuchinad will replace Dmitry Tokarev and is expected to fThe bank's focus on compliance and security is designed to reassure both crypto companies and traditional financial institutions, fostering a more collaborative ecosystem.

What Services Does Founders Bank Offer?

While specific service offerings will likely evolve, Founders Bank's core focus is on providing essential banking services to crypto businesses. Backed by major global crypto exchange Binance, Founders Bank plans to assist blockchain and crypto-related firms in securing financial services from traditional banking institutions, the reportThis may include:

• Account Management: Secure and reliable accounts for managing funds.
• Payment Processing: Facilitating transactions in both traditional and cryptocurrencies.
• Lending and Financing: Providing capital to support the growth of crypto startups.
• Custody Solutions: Safely storing digital assets on behalf of clients.

Binance's Role and the Leadership of Richard Teng

Binance's backing of Founders Bank is a testament to the exchange's commitment to fostering a more integrated and accessible crypto ecosystem. 币安-Backed 加密货币Bank任命德意志银行高管为新CEO 发表于 2025年5月10日 星期五 下午 7: 据彭博社5月9日的一份报告称，总部位于马耳他的加密货币银行Founders Bank已任命德意志银行的前任执行官为其新任首席执行官。Binance's investment provides Founders Bank with the financial resources and technological expertise to innovate and scale its services.

Recently, Binance underwent a significant leadership change with the appointment of Richard Teng as the new CEO, succeeding Changpeng Zhao (CZ). 新ceoのケナン・アルトゥニス氏は、元々ドイツ銀行のコーポレートおよび投資銀行部門で機関投資家を顧客とする部署で共同責任者を務めており、機関投資家および規制当局と直接連携していた。6月にファウンダーズ銀行のチームに加わるそうだ。This transition occurred amidst regulatory challenges and a settlement with U.S. authorities.Teng's background in financial services and regulatory affairs makes him well-suited to navigate the complexities of the global crypto landscape and lead Binance into a new era of compliance and growth.

Richard Teng brings over 30 years of experience in the financial services and regulatory field.Prior to joining Binance, he was the CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM), where he was recognized as an innovative regulator.His expertise is crucial for Binance as it seeks to address regulatory concerns and build trust with governments and financial institutions around the world.

How Does Richard Teng's Leadership Impact Founders Bank?

Teng's leadership at Binance is likely to have a positive impact on Founders Bank.His focus on compliance and regulatory engagement can strengthen the bank's credibility and attract more partnerships with traditional financial institutions. Meet the man stepping up to the top job amid chaos at the crypto exchange Photo: Joseph Nair/Getty Images Sign up to the Fintech Files for more Richard Teng, the former chief executive of the Abu Dhabi Global Market, took over from Changpeng Zhao as the CEO of Binance on 21 November.Furthermore, his strategic vision for Binance's overall ecosystem will likely influence the direction and growth of Founders Bank.

The Growing Convergence of Crypto and Traditional Finance

The appointment of Kenan Altunis is just one example of the growing convergence of cryptocurrency and traditional finance.As the crypto industry matures, it is becoming increasingly intertwined with the established financial system.This trend is driven by several factors:

• Increased Adoption of Crypto: Growing numbers of individuals and institutions are investing in cryptocurrencies.
• Demand for Regulation: Regulators are increasingly focusing on the crypto industry, leading to greater oversight and compliance requirements.
• Innovation in Financial Services: Crypto companies are developing innovative financial products and services that are challenging traditional models.
• Traditional Institutions Entering Crypto: Established banks and financial firms are exploring opportunities in the crypto space.

This convergence presents both opportunities and challenges. Richard Teng is a Singaporean business executive who is the chief executive officer (CEO) of Binance, a cryptocurrency exchange. Previously, he worked for the Monetary Authority of Singapore and was chief regulatory officer of the Singapore Exchange and CEO of the Abu Dhabi Global Market .It can lead to greater stability and legitimacy for the crypto industry, but it also requires careful navigation of regulatory complexities and potential risks.

What are Some Examples of Traditional Institutions Entering Crypto?

• Deutsche Bank: As mentioned earlier, Deutsche Bank has initiated custody services for its clients' cryptos, joining other major banks like Standard Chartered and BNY Mellon.
• Goldman Sachs: Goldman Sachs has been exploring opportunities in crypto trading and investment.
• BNY Mellon: BNY Mellon offers crypto custody solutions to its institutional clients.
• Standard Chartered: Standard Chartered has launched a crypto custody platform.

Regulatory Landscape and Compliance Challenges

One of the biggest challenges facing the crypto industry is the evolving regulatory landscape.Different countries have different approaches to regulating cryptocurrencies, creating a complex and often uncertain environment for businesses.Compliance with these regulations is crucial for ensuring the long-term sustainability and legitimacy of the industry.

Founders Bank, under the leadership of Kenan Altunis, will need to prioritize compliance with all applicable regulations in the Eurozone and beyond. Founders Bank, a company that provides financial services to cryptocurrency based startups and companies in the Eurozone has snagged a former Deutsche Bank executive named Kenan Altunis to act as CEO of the cryptoThis includes anti-money laundering (AML) requirements, know-your-customer (KYC) procedures, and other regulatory standards.Building a strong compliance framework will be essential for attracting and retaining clients, as well as for building trust with regulators and traditional financial institutions.

What are Some Key Regulatory Challenges for Crypto Businesses?

• Anti-Money Laundering (AML) Regulations: Preventing the use of cryptocurrencies for illicit activities.
• Know-Your-Customer (KYC) Procedures: Verifying the identity of customers to prevent fraud and other illegal activities.
• Securities Laws: Determining whether certain cryptocurrencies or crypto-related products are subject to securities regulations.
• Tax Regulations: Establishing clear guidelines for the taxation of cryptocurrencies.

The Future of Crypto Banking

The appointment of a Deutsche Bank executive as the CEO of a Binance-backed crypto bank is a sign of things to come. Deutsche Bank, boasting nearly one and a half trillion dollars in assets, has initiated custody services for its clients cryptos. The 153-year-old banking behemoth joins the ranks of banks like Standard Chartered, BNY Mellon, and Societe Generale, all of which offer crypto custody solutions. Deutsche Bank s New Take on CryptoAs the crypto industry continues to mature, we can expect to see more collaboration and integration between traditional finance and digital assets.

Crypto banks like Founders Bank are playing a crucial role in this evolution by providing essential financial services to the crypto industry.By bridging the gap between the traditional and digital worlds, they are helping to create a more stable, accessible, and compliant crypto ecosystem.

The success of these initiatives will depend on several factors, including:

• Regulatory Clarity: Clear and consistent regulations are essential for fostering innovation and investment in the crypto industry.
• Technological Innovation: Continued innovation in blockchain technology and financial services is needed to improve the efficiency and security of crypto banking.
• Collaboration: Collaboration between crypto companies, traditional financial institutions, and regulators is crucial for creating a well-regulated and thriving crypto ecosystem.

Common Questions About Crypto Banking

As the intersection of cryptocurrency and traditional banking grows, many people have questions about how these systems work together. In addition to the crypto fund, the ex-Deutsche executive was also involved in an identity theft scheme between September 2025 and June 2025 by fraudulently acquiring credit cards and access to other devices using the names of third parties to carry out unauthorized transactions.Here are some common questions and answers:

What is a Crypto Bank?

A crypto bank is a financial institution that offers banking services specifically tailored to cryptocurrency-related businesses and individuals.These services might include accounts for holding cryptocurrencies, payment processing, lending, and custody solutions.

Why Do Crypto Companies Need Banks?

Crypto companies need banking services for the same reasons as any other business.They need to manage their finances, process payments, and access capital. A corporate challenger bank project using blockchain technology has appointed a senior executive from Deutsche Bank to lead the company as its chief executive. The Founders Bank confirmed in a statement that Kenan Altunis will take on the role early next month upon completing his commitments with Deutsche Bank.However, many traditional banks are hesitant to work with crypto companies due to regulatory uncertainty and perceived risks. Malta-based cryptocurrency bank Founders Bank hired former Deutsche Bank executive Kenan Altunis as its new CEO. Malta-based cryptocurrency bank Founders Bank has appointed former executive of Deutsche Bank as its new CEO, according to a Bloomberg report on May 9. Backed by major global crypto exchange Binance, Founders Bank plans to assist blockchain and crypto-related MoreCrypto banks help to fill this gap.

How are Crypto Banks Regulated?

The regulation of crypto banks varies depending on the jurisdiction.In general, they are subject to the same types of regulations as traditional banks, including AML and KYC requirements.However, there may be additional regulations specific to cryptocurrencies.

Are Crypto Banks Safe?

The safety of crypto banks depends on several factors, including the bank's security practices, compliance measures, and regulatory oversight. O novo CEO, Kenan Altunis, vai se juntar equipe do Founders Bank em junho. Antes do banco de cripto, Altunis supostamente atuou como col der do grupo de clientes institucionais no bancoIt's important to research and choose a crypto bank that has a strong track record and a robust security framework.

Will Traditional Banks Eventually Offer Crypto Services?

Many traditional banks are already exploring opportunities in the crypto space, and it's likely that more will offer crypto services in the future. Binance-Backed Crypto Bank Appoints Deutsche Bank Executive as New CEOSource: CointelegraphPublished onThis could include custody solutions, trading platforms, and other crypto-related products.

Conclusion: A New Chapter for Crypto and Finance

The appointment of Kenan Altunis as CEO of Binance-backed crypto bank Founders Bank marks a significant step in the evolution of the cryptocurrency industry.Altunis' background as a Deutsche Bank executive provides a bridge between the traditional financial world and the burgeoning digital asset space. Banco cripto apoiado pela Binance nomeia executivo do Deutsche Bank como novo CEO Not cias O Founders Bank, banco de criptomoedas sediado em Malta, indicou um ex-executivo do Deutsche Bank como seu novo CEO, segundo uma reportagem da Bloomberg em 9 de maio.This signals a commitment to regulatory compliance, institutional partnerships, and the overall legitimacy of crypto banking.

Under the leadership of Richard Teng, Binance is poised to navigate the complexities of the global regulatory landscape and foster a more integrated crypto ecosystem. Deutsche Bank Exec Joins Crypto Bank Supported By Binance As CEO By Abhimanyu Krishnan Founders Bank, a crypto bank that has been invested in by Binance, has hired a former executive of Deutsche Bank, Kenan Altunis, as its CEO, BloombergThe convergence of crypto and traditional finance presents both opportunities and challenges, requiring careful navigation and collaboration between all stakeholders. Additionally, Teng participated in the Wharton School of Business s executive education program. 30 years in financial services. According to official information, Richard Teng joined the Binance team in August 2025 as the CEO of Binance Singapore.The future of crypto banking hinges on regulatory clarity, technological innovation, and a shared commitment to building a stable, accessible, and compliant financial system.

Key takeaways from this development include:

• Founders Bank aims to provide essential financial services to crypto-based companies.
• Kenan Altunis' experience at Deutsche Bank brings valuable expertise in regulatory compliance and institutional finance.
• Binance's backing provides Founders Bank with the resources and expertise to innovate and scale.
• Richard Teng's leadership at Binance is expected to foster a more compliant and integrated crypto ecosystem.
• The convergence of crypto and traditional finance is a growing trend with significant implications for the future of the industry.

The appointment of Kenan Altunis represents a positive step towards a more integrated and regulated crypto ecosystem. Richard Teng is the new CEO of Binance, the world's leading cryptocurrency exchange. With over 30 years of experience in the financial services and regulatory field, Richard brings a wealth of knowledge and expertise to his new role. Richard joined the Binance team in August 2025 as CEO of Binance Singapore.By bridging the gap between traditional finance and digital assets, Founders Bank, with Binance's backing, is paving the way for a more sustainable and accessible future for the crypto industry. Charged with lawsuits, investigations, and widespread regulatory action worldwide, crypto exchange Binance has seen a deluge of top-tier executives leave the company. Led by the elusive CEO and co-founder Changpeng Zhao (CZ) who personally faces charges in the United States from the CFTC, SEC, and potentially the Department of Justice the company has also been charged in the U.SStay informed and continue to follow these developments as the landscape of crypto and finance continues to evolve.