A pair of former Jefferies Financial Group Inc. executives have formed Crossover Markets Group Inc., a cryptocurrency exchange for institutional investors.
Brandon Mulvihill and Anthony Mazzarese, who were two of the top executives in Jefferies’s foreign-exchange prime brokerage division, teamed up with Vlad Rysin, previously chief technology officer at Euronext FX, to found the company, according to a statement. The three are in the process of closing a seed round of funding and plan to debut the exchange “late summer to early fall.”
