- Bank of America appointed new leaders for its digital assets and AI divisions.
- The bank is expanding work on stablecoins, tokenized deposits, custody, and crypto settlement.
- Wall Street continues increasing investment in blockchain and AI infrastructure.
Bank of America has appointed new executives to lead its digital asset and artificial intelligence initiatives as traditional financial institutions continue expanding into blockchain technology.
Sonali Theisen has been named Head of Global Digital Assets Platform, where she will oversee the development, governance, and expansion of the bank's blockchain infrastructure. Her work will focus on stablecoins, tokenized deposits, digital collateral, crypto custody, and blockchain-based trade settlement.
Meanwhile, Kevin Milsom has been appointed Head of AI Transformation and will lead the rollout of artificial intelligence across the bank's global markets business.
The appointments reflect a broader trend across Wall Street, with major banks increasingly integrating blockchain, tokenization, and AI into their core financial services.
