Blockchain
3iQ Expands Middle East Initiative and Strengthens Leadership Team with Strategic Advisor Hires
3iQ Digital Asset Management (3iQ), a global trusted leader in digital asset investments, announces its expansion into the Middle East with the appointment of two new strategic advisors, Rachel Pether, CFA and Vinay Kapoor. The company has already established a strong presence in the region, launching the Middle East’s first exchange-listed Bitcoin Fund on Nasdaq Dubai.
The two new hires bring a wealth of experience in the EMEA region and extensive expertise in both traditional finance and digital asset management:
- Rachel Pether, based in Abu Dhabi, brings over 15 years of experience in the EMEA region where she was previously responsible for SkyBridge Capital’s Middle East Operations. She spent nearly a decade at Mubadala Investment Company in their Capital Markets and Treasury team. She is currently the host of “Digital Asset Report” on FintechTV, and sits on the board of various digital asset and data companies.
- Vinay Kapoor, based in Dubai, is a seasoned asset management professional with over 30 years of experience in the EMEA region. He previously held key positions at Citibank, Merrill Lynch, and the Bank of Singapore. He founded Fortius Management Advisors, an investment and private banking advisory business with a network of clients worth over $5 billion.
The newly hired advisors will help push forward 3iQ’s latest offering, their Outsourced Crypto Investment Office (OCIOTM). 3iQ’s OCIOTM is a tailored solution specifically designed to help institutional investors navigate the rapidly growing digital asset economy, addressing their needs from both a strategic, service, and investment perspective. With this innovative solution, investors gain access to a comprehensive suite of services including education and strategic planning, investment advisory, and a managed account platform (QMAP).
Pascal St-Jean, President of 3iQ, said: “We are thrilled to welcome Rachel and Vinay to our team as we expand into the Middle East. Their experience and knowledge in the region will be instrumental in helping us navigate this important market and continue to deliver industry firsts in digital asset investing.”
Rachel Pether, CFA bio: Rachel has an extensive capital markets background with over 15 years of experience in the EMEA region. Before to joining 3iQ, she was responsible for SkyBridge Capital’s Middle East Operations. Previously, she spent nearly a decade at Mubadala Investment Company in their Capital Markets and Treasury team. In 2014 the Association of Corporate Treasurers named Rachel “The One to Watch” in Treasury. Rachel is currently the host of “Digital Asset Report” on FintechTV, and serves as MC for international events, including SALT, AIM Summit, and the Global Entrepreneurship Summit. Rachel sits on the board of various digital asset and data companies, including cryptocurrency exchange MidChains, layer 1 blockchain HAQQ, and the Sovereign Wealth Fund Institute.
Vinay Kapoor bio: Vinay is a seasoned asset management professional with over 30 years of experience in the EMEA region. Previously, he held key positions at Citibank, Merrill Lynch, and the Bank of Singapore. He also served as Vice Chairman of Interups Inc in New York. Prior to founding Fortius Management Advisors, an investment and private banking advisory business with a network of clients worth over $5 billion, Vinay was recognized as a top senior member at Merrill Lynch in the MENA region. Vinay is an APEX Board member and Authorized Signatory for over 5 years with a leading NGO that works with World Health Organization (WHO) and enjoys a special consultative status with United Nations.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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