Securitize Galaxy and Hashdex all made important leadership appointments in the last week, as the momentum of crypto continues to grow.
Michael Sonnenshein was named chief operating officer at Securitize this week, according to the platform for tokenization. He had departed crypto asset manager Grayscale in May.
Continue readingThe former CEO of Grayscale shifts to tokenization
Securitize was perhaps most well-known for its role in helping BlackRock to tokenize their USD Institutional Digital Liquidity Funds (BUIDLs) back in March. The fund, backed by US Treasurys quickly managed more than 500 million dollars in assets.
Sonnenshein, in an interview with Blockworks on Thursday said that real assets onchain are a good thing. “one of the most exciting frontiers in the broader blockchain and digital assets space.”
US Treasurys serve as collateral in the tokenized currency market (also known as stablecoins). “substrate” Sonnenshein says that many capital markets deals are done by Sonnenshein.
“Continuing to build products that can address some of the inefficiencies and…move into offerings where the underlying assets are not dollars, but instead yield-bearing assets, I think is a very, very attractive value proposition,” He also added.
Tony Paquette was also appointed as Galaxy’s chief financial officer. Alex Ioffe is moving to the role of senior advisor at Galaxy on Jan. 1, and Tony Paquette will take over.
Paquette held the position of CFO at Point72, a hedge fund.
He worked for Bank of America in the Corporate Investments Group, Treasury Division, and as head of liability management at JPMorgan Chase. Paquette went on to supervise the treasury and market risk of fintech company SoFi, as well as its regulatory and financial activities.
Mick McLaughlin, the US director of distribution for crypto-focused investment company Hashdex was also appointed this week. The company will also be looking to grow its US crypto-ETFs under his responsibilities.
McLaughlin previously served as the chief distribution office at Bitwise Asset Management – a crypto asset manager that is a competitor. He was also the Americas ETF Distribution Manager for Deutsche Bank.
Max Resnick is a researcher at Ethereum. He announced his decision to move from the Consensys-owned Special Mechanisms Group subsidiary, Special Mechanisms Group, to the Solana Ecosystem. Max will be joining Anza, a research and design firm, after having previously worked for Consensys.
“In my first 100 days, I plan on writing a spec for as much of the Solana protocol as I can get to, prioritizing fee markets and consensus implementations where I believe I can have the highest impact,” Resnick wrote a post on Dec. 9, X.
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