Bank of America has appointed new leadership for its digital assets platform, naming Sonali Theisen to oversee platform development while retaining her existing FICC trading duties. The bank also promoted Kevin Milsom to direct AI transformation across global markets and platforms, signalling an expanded commitment to both blockchain and artificial intelligence technologies.
The leadership changes come as Bank of America continues to develop its blockchain programme, which covers tokenized deposits, stablecoins, digital collateral mobility, cryptocurrency settlement, and other digital asset initiatives. The bank has been gradually expanding its digital asset capabilities in recent years, joining a growing list of major financial institutions investing in blockchain-based financial infrastructure.
Theisen’s appointment places a veteran of fixed income, currencies, and commodities trading at the helm of the digital assets push, suggesting the bank views tokenization as a natural extension of its existing markets business. Her dual role ensures continuity between traditional trading operations and the emerging digital asset ecosystem.
Milsom’s AI-focused role reflects the increasing convergence of artificial intelligence and financial services. Bank of America has been investing heavily in AI capabilities, with applications ranging from customer service chatbots to trading algorithms and risk management systems.
The moves position Bank of America to compete with rivals such as JPMorgan and Goldman Sachs, which have already launched tokenized products and digital asset services. JPMorgan’s JLTXX tokenized money market fund, for example, has grown its on-chain assets under management by approximately 250 percent over the past month.
This article was adapted from Blockonomi. Read the original here.
