Banking Circle announced that it has appointed Kirit Bhatia as its new Chief Digital Assets Officer.

Bhatia brings more than two decades of experience in financial services and technology.

He previously held senior roles at Ripple, where he was Vice President of Business Development and led international expansion efforts, and at Sernova Financial, RBS and JPMorgan Chase.

Banking Circle said his appointment will support its strategy as demand for digital assets, tokenisation and stablecoins continues to grow.

The company plans to expand its digital asset capabilities, giving clients the ability to manage fiat and digital assets side by side.

The company said the offerings will include secure 24/7 treasury services across major currencies.

Bhatia’s role will focus on guiding the bank’s approach to embedded digital asset solutions and strengthening its position as a global player in financial infrastructure.

Banking Circle, headquartered in Luxembourg, is a fully licensed bank that processes more than €1 trillion in annual payment volumes and provides cross-border payments in 24 currencies for over 650 financial institutions, marketplaces and banks worldwide.

Its Singapore subsidiary, BC Payments Singapore, has received in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution licence.

Featured image: Edited by Fintech News Singapore, based on image by digitizesc via Freepik