As an industry veteran, Woolford brings 21 years of international experience to the role and joins Fidor from an IT solutions provider based in the Middle East, where he was vice president and CIO.
"My experience helping technology companies grow and stay ahead of the increasingly complex legal and compliance matters as they scale will allow me to add value right from the start," said new general counsel Allison Amadia.
The operation, led by the firm's first ever "digital assets" trader Justin Schmidt, is expected to begin within the next few weeks, though an exact date has not been set.
Digital Jersey has appointed Smart Cities expert, Joe Dignan as a Special Adviser and, last week, he was flying the flag for the island at the Smart Island World Congress in Mallorca.
Goldman Sachs has had its feelers in the cryptocurrency waters for a while. Now, the Wall Street giant looks set to take the plunge, having just hired a cryptocurrency trader to help the company expand into digital asset markets.