Blockchain agency Securitize has appointed Michael Sonnenshein as Chief Working Officer, a key position alongside CEO and co-founder Carlos Domingo.
Former Grayscale CEO Michael Sonnenshein assumed his new place at Securitize, an asset tokenization specialist, efficient December 9, in accordance with a press assertion issued on Dec. 12.
Sonnenshein said that his determination to affix Securitize comes amid heightened demand for tokenization from each institutional buyers and retail shoppers. He goals to deal with capital market inefficiencies and standardize investor interplay with tokenized merchandise on decentralized networks.
Securitize has enabled $1 billion in on-chain tokenized belongings, bringing merchandise like BlackRock’s BUIDL cash market to Ethereum and backing artificial greenback protocols like Ethena Labs.
There’s a huge demand for tokenization, and I’m thrilled to affix Securitize at such a pivotal second for the corporate and the business. Carlos and the distinctive workforce at Securitize have demonstrated unimaginable management in enabling the expansion of tokenization tasks.
Michael Sonnenshein, new Securitize COO
Sonnenshein joined Grayscale in 2014, changing into CEO in 2021. Throughout his tenure, he guided the asset supervisor via advanced regulatory environments, spearheading crypto product fund issuance throughout numerous jurisdictions. Earlier than leaving Grayscale, he led vital authorized and business efforts to counter the SEC’s adversarial stance on digital belongings.
Michael Sonneshein led Grayscale to a vital court docket victory in opposition to the Securities and Change Fee, paving the way in which for what’s now a $113 billion Wall Road asset class. Grayscale’s former boss resigned in Might 2024, just a few months after the U.S. SEC lastly authorised spot Bitcoin (BTC) exchange-traded funds in January.
Securitize anticipates Sonnenshein will strengthen the agency’s place as a real-world asset tokenization chief, remarked CEO Carlos Domingo.
Michael is a trailblazer whose strategic imaginative and prescient and skill to navigate advanced regulatory landscapes have helped pave the way in which for establishing digital belongings as a mainstream funding class.
Carlos Domingo, Securitize CEO
………………………….
Sourcing information and pictures from crypto.information
Subscribe for updates!