Bank of America Bolsters Digital Assets Leadership with New Hires

Bank of America has made significant changes to its digital assets platform leadership. Sonali Theisen will oversee the development and expansion of the global platform, while retaining her duties in FICC electronic trading and strategic investments.

The bank's digital assets strategy now connects with established business units, rather than isolated innovation teams. This move is part of a broader institutional shift, as seen in similar hiring moves at Vanguard and Morgan Stanley.

Theisen will focus on integrating blockchain-based products with systems serving institutional markets, while coordinating with Adam Dixon, global head of digital asset transformation. The platform will operate alongside the bank's wider transformation program, which includes tokenized deposits, stablecoins, and digital collateral mobility.