Ripple hires LME treasury chief for tokenization push 
Ripple has hired London Metal Exchange treasury executive Joseph Thompson for its trading and markets team, according to an Aug. 28 report. Thompson will leave the LME on Aug. 31 after nearly a decade at the exchange. His work at Ripple will focus on tokenization strategy and delivery. Ripple has not disclosed his exact title, starting date or reporting structure.
Earlier LME documents identified Thompson as head of investment and liquidity and collateral risk management. Those responsibilities included areas relevant to clearing operations, such as liquidity, eligible collateral and financial risk. Before joining the LME, Thompson held liquidity management and funding responsibilities within Deutsche Bank’s group treasury division. He also worked in liquidity risk at ICAP and in collateral and liquidity management risk at London Clearing House.
Moreover, Thompson has more than 15 years of financial-services experience and holds certification from the Association of Corporate Treasurers. His background gives Ripple experience spanning exchanges, clearing, collateral and institutional liquidity.
