Montreal, QC, Nov. 19, 2024 — Blockstream, the worldwide chief in Bitcoin infrastructure know-how, has introduced the appointment of famend hedge fund veteran Sean Invoice as Chief Funding Officer. An completed investor and portfolio supervisor with over three a long time of expertise in conventional finance, Sean will lead a newly-established Asset Administration Division at Blockstream aimed toward additional bridging the hole between Bitcoin and mainstream finance.
“We’re excited to welcome Sean Invoice to Blockstream’s management crew at a time when Bitcoin is hitting all-time highs and amid unprecedented ranges of institutional curiosity,” stated Dr. Adam Again, Co-Founder and CEO of Blockstream. “Sean’s in depth expertise in conventional finance and early help for institutional Bitcoin adoption align completely with our mission to convey Bitcoin-based funding options into the mainstream.”
Increasing into Bitcoin-Primarily based Monetary & Funding Options
Sean’s appointment as CIO, alongside the creation of a brand new Asset Administration Division, marks a strategic transfer for Blockstream in the direction of delivering end-to-end, Bitcoin-based monetary and funding options that not solely help the Bitcoin ecosystem but in addition leverage Blockstream’s full know-how stack, together with the Liquid Community.
With bitcoin reaching new all-time highs, the timing is ideal for Sean to steer such a transfer, with Blockstream’s new asset administration division aiming to develop a frequently increasing suite of revolutionary monetary merchandise to fulfill the rising demand for Bitcoin-based funding alternatives amongst traders.
“I’m excited to hitch Blockstream at such a pivotal time within the business,” stated Sean Invoice. “By combining my expertise in finance with Blockstream’s pioneering work in Bitcoin know-how, we intention to construct new and revolutionary merchandise which can be technologically superior to present options and meet the evolving wants of the market.”
Upcoming Bitcoin Monetary Merchandise
Merchandise in growth embrace:
● Bitcoin yield fund: Goals to operate like a cash market fund for holders of bitcoin, offering yield on Bitcoin property.
● USD yield fund: Goals to supply lending alternatives that generate earnings for traders via bitcoin-backed loans.
These institutional merchandise are designed to boost liquidity by addressing the wants of bitcoin holders in search of to earn yields and people trying to entry capital.
In creating these new monetary merchandise, Blockstream will leverage its Asset Administration Platform (AMP) to tokenize a variety of property on the Liquid Community. AMP’s capabilities embrace whitelisted asset issuances and adherence to required AML/KYC requirements. This can present the safe, scalable basis wanted to convey Bitcoin-backed property to the mainstream, constructing confidence in Bitcoin as an integral a part of trendy funding portfolios.
The Liquid Community is an open-source Bitcoin sidechain and layer-2 resolution for which Blockstream is the technical supplier. At present, Liquid boasts over $2 billion of real-world property (RWAs), together with stablecoins, securities, and most not too long ago, US Treasury payments. These property on Liquid account for practically 15% of your complete blockchain-based RWA market.
About Sean Invoice
Sean joins Blockstream following a profitable tenure as Chief Funding Officer at Prime Meridian Capital Administration, a FinTech targeted non-public credit score supervisor that has funded over $1.8 billion in loans and specialty credit score since its inception. Throughout his tenure at Prime Meridian, the agency received Hedgeweek’s Multi-Technique Credit score Hedge Fund of the yr award in 2022 and 2023.
Beforehand Sean served because the Treasurer & Chief Funding Officer on the Santa Clara VTA the place he was accountable for the administration and oversight of a multi-billion-dollar multi-asset class portfolio. He additionally served as a Trustee for the Metropolis of San Jose Pension Plan and as a Sr. Advisor to the San Francisco Workers Retirement System. Sean was named to Chief Funding Officer Journal’s Energy 100 listing of essentially the most influential institutional traders globally for 2021.
Previous to coming into public service, Sean was a Principal at World Mounted Revenue Companions, LLC, a hedge fund primarily based in Newport Seaside California. He additionally served as a Senior Company Bond Dealer at Bradford & Marzec, a multi-billion-dollar core plus fixed-income supervisor primarily based in Los Angeles. Sean started his profession at Refco, Ltd., on the Agriculture Ground on the Chicago Board of Commerce.
An early advocate for bitcoin inside the pension business, Sean has been instrumental in selling the adoption of digital property in institutional funding portfolios. Sean has been a frequent visitor on Bloomberg Tv, CNBC, and Fox Enterprise Information. He’s a graduate of Indiana College and the Stanford Graduate College of Enterprise.
For extra details about Blockstream’s revolutionary monetary options, please contact: Fernando Nikolic, Blockstream Head of Advertising and marketing & Communications ([email protected]) About Blockstream
Based in 2014, Blockstream is a worldwide chief in Bitcoin and blockchain infrastructure, with places of work and crew members distributed world wide. Our services kind the foundations for the monetary infrastructure of the longer term.
Serving because the know-how supplier for the Liquid Community, Blockstream affords a sidechain resolution that allows safe, trustless Bitcoin swap settlements and sturdy sensible contracts, empowering monetary establishments to tokenize property effectively.
The corporate’s Core Lightning is a number one implementation of the open Lightning Community protocol, broadly adopted for enterprise Bitcoin Lightning Community deployments.
Blockstream Jade, an open-source {hardware} pockets, delivers superior safety for Bitcoin and Liquid property in an easy-to-use kind issue.
For shoppers, Blockstream Inexperienced is a extremely safe and user-friendly Bitcoin pockets.
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