A new advisory firm called x2B has been launched by former executives from Millennium Management and Pacific Investment Management Company (Pimco).

Benoit Bosc, a former portfolio manager at Millennium, and Michael Bressler, who recently served as executive vice president at Pimco, left their positions in October and August, respectively, to establish the consultancy.

The digital-asset industry is currently experiencing renewed enthusiasm, especially after Donald Trump, who has been reelected as president, expressed support for cryptocurrencies. This indicates a growing interest in digital assets among traditional finance professionals who want to utilize their expertise in this emerging market.