Bank of America (BofA) has appointed senior executive Adam Dixon as global head of digital asset transformation, placing a longtime company veteran at the center of its crypto and tokenization strategy.
Dixon will oversee digital-asset initiatives across Bank of America as the lender expands its work in blockchain-based finance, including stablecoins, tokenized deposits and faster settlement systems, according to an internal memo reported by Bloomberg.
Veteran markets executive takes crypto role
Dixon has spent more than two decades at Bank of America and most recently served as head of global markets financial resource management. In his new role, he will remain based in London while coordinating the bank’s digital-asset work across business lines.
His new title places the strategy closer to the bank’s markets operation, where tokenization, liquidity management and institutional trading infrastructure are becoming increasingly important.
The move also suggests that Bank of America is treating digital assets less as a speculative bet and more as financial infrastructure that is increasingly shaping trading, payments and settlement services.
BofA moves from blockchain patents to a digital assets strategy
Bank of America’s digital-asset ambitions have been building for years, starting with its investments in blockchain-related technology and intellectual property.
In 2022, the bank said blockchain was one of the categories behind a record year for patent grants, with blockchain patents rising 86% in 2021.
By 2024, BofA said its patent portfolio had grown to nearly 6,600 granted patents and pending applications across areas including blockchain, payments, artificial intelligence and machine learning.
The bank has moved more openly toward crypto-linked infrastructure in recent months. Chief Executive Brian Moynihan said in July 2025 that Bank of America was working on launching a stablecoin, though no timeline was disclosed.
In October 2025, the bank also published research on stablecoins and tokenized deposits after the GENIUS Act created a U.S. framework for stablecoin regulation. BofA said tokenized deposits could allow bank deposits to move on blockchain rails, supporting 24/7 services, faster settlement and improved liquidity management.
Dixon’s appointment strengthens those efforts with senior markets experience, as Bank of America positions itself for a financial system in which digital assets are moving further into mainstream banking infrastructure.