Enhanced Digital Group (EDG), a digital-asset structured product firm, has welcomed a veteran of the traditional finance industry, Cactus Raazi, to join the team as their Head of U.S. Strategy. With this appointment, EDG looks to bring the popular traditional finance instruments known as structured products to the crypto world. Raazi has an extensive resume in the finance sector, being CEO of the crypto trading firm Amber Group and having worked as a sales and trading executive at both Goldman Sachs and Nomura.

When speaking of this new role, Raazi said that it was a natural step after his focus on regulatory compliance in leading Amber’s expansion in the Western hemisphere. As the Head of U.S. Strategy, Raazi will be contributing to EDG's efforts in growing a compliant and dynamic derivatives and structured products business.

Structured products are a combination of different financial products like stocks, bonds and derivatives that is designed with a particular financial goal in mind, such as income generation or capital protection. The use of structured products in the crypto industry is a symptom of the rapidly growing sophistication of the industry, which is attracting many investors from traditional investments.

Last year, EDG was able to raise 12.5 million dollars in the form of seed capital led by the research-based incubator WebN Group, backed by Alan Howard, and Genesis, which is owned by the Digital Currency Group. With this additional funding, EDG hopes to continue to expand their operations of creating a global platform to offer structured products related to digital assets through its completely digitized, streamlined and reliable process.



Other News from Today