Blockstream, a Bitcoin infrastructure firm, has introduced Sean Invoice as its new Chief Funding Officer (CIO).
Montreal, QC, Nov. 19, 2024.
We’re thrilled to welcome Sean Invoice (@macrocrunch) as our Chief Funding Officer to steer Blockstream’s new Asset Administration Division.
— Blockstream (@Blockstream) November 19, 2024
The announcement marks the launch of the corporate’s Asset Administration Division, which goals to develop Bitcoin-based monetary merchandise concentrating on institutional traders.
The transfer comes as Bitcoin continues to achieve traction amongst institutional gamers. The brand new division will concentrate on creating funding merchandise that leverage Blockstream’s current expertise, together with its Liquid Community—a Bitcoin sidechain used for tokenizing belongings.
Two merchandise below improvement embrace a Bitcoin yield fund, which might function equally to a cash market fund for Bitcoin holders, and a USD yield fund that makes use of Bitcoin-backed loans to generate returns.
Each are designed to deal with the rising demand for yield-generating Bitcoin-based investments.
Blockstream plans to make use of its Asset Administration Platform (AMP) to tokenize these merchandise on the Liquid Community.
The platform incorporates options like whitelisted asset issuance and compliance with anti-money laundering (AML) and know-your-customer (KYC) necessities.
The Liquid Community presently holds over $2 billion in tokenized belongings, together with stablecoins and U.S. Treasury payments, representing a notable share of blockchain-based real-world belongings.
Sean Invoice, a seasoned monetary skilled, brings in depth expertise from his earlier roles as a hedge fund supervisor and public pension fund officer.
Acknowledged for his experience in institutional investments and his advocacy for Bitcoin adoption, Invoice’s position at Blockstream will concentrate on integrating Bitcoin expertise into institutional monetary methods.
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