Protego Trust Bank N.A., a federally chartered trust bank (in formation) serving the digital asset needs of institutional investors, has appointed Ron Totaro as CEO. Most recently, he served as CEO of Tassat Group, where he led the company to become a provider of blockchain-based, real-time payment solutions enabling banks to tokenise U.S. Dollar deposits and transition from legacy payment rails to blockchain technologies.
In 2021, Protego Trust received a conditional federal charter from the U.S. Office of the Comptroller of the Currency, in addition to its Washington state charter. It plans to launch in 2022.