Mark Blackborough has recently left Portofino Technologies.

The chief financial officer of crypto marker maker Portofino Technologies, Mark Blackborough, has recently left the business.

The chief financial officer of crypto market maker Portofino Technologies has left the business, according to company sources.

Mark Blackborough, who joined the Swiss company last September, has departed to pursue other opportunities.

"We can confirm that our CFO is transitioning out of the business. As we scale and adapt to new opportunities in the market, we’re continuously evolving our leadership team to align with our long-term strategic goals," a company spokesperson said in emailed comments.

"Leadership transitions, especially in high-growth environments, are a natural part of building a resilient organization. Our focus remains on execution, delivery, and continued growth,” the spokesperson added.

Blackborough didn't respond to a request for comment by publication time.

His exit comes amid a period of rapid expansion for Portofino Technologies. The company, which provides liquidity and market-making services for digital assets, is aiming to expand its operations in New York and Singapore.

Portofino Technologies is also planning to hire additional employees in the coming months to support its growth initiatives.

The company raised $50 million in equity funding late last year, and was founded by two former Citadel Securities leaders Leonard Lancia and Alex Casimo in 2021.

The firm is regulated in the U.K., Switzerland and the British Virgin Islands.