Connect with us

Hi, what are you looking for?

Grayscale
Grayscale

Cryptocurrency

Michael Sonnenshein joins Securitize as COO, expanding its leadership in tokenization

As Securitize, a pioneer in asset tokenization, grows, Michael Sonnenshein, the former CEO of Grayscale Investments, takes on the role of Chief Operating Officer.

Effective December 9, Securitize, a platform specializing in the tokenization of real-world assets, appointed Michael Sonnenshein as Chief Operating Officer. Sonnenshein’s decision follows his departure from Grayscale Investments earlier this year, where he had been CEO since 2021.

Securitize, known for its pioneering work in using blockchain technology to tokenize traditional financial assets, has achieved a critical milestone by hosting over $1 billion in tokenized assets on its platform. To bring tokenized funds to market, the business works with major financial institutions including BlackRock, Hamilton Lane, and KKR.

Sonnenshein’s new responsibilities will include strengthening Securitize’s connections with asset managers, as well as driving marketing, sales, and distribution initiatives. His experience at Grayscale, where he played a key part in the successful launch of a Bitcoin ETF, will be invaluable in pushing Securitize’s expansion into the fast-rising tokenization market.

Sonnenshein’s hiring comes at a key time for Securitize, as the demand for tokenized assets continues to expand, opening up new avenues for investors to access markets more effectively. The company is well-positioned to play a key role in this transformation, leveraging Sonnenshein’s expertise to expand operations and capitalize on prospects in digital asset tokenization.

author avatar
CryptoCorn
CryptoCorn is Editor and Author at 4C Media Co. and covers all stories and news related to Crypto & Finance. Excellent blogger and Passionate Crypto Trader. Follow her on twitter at @cryptocorn7.
Advertisement

You May Also Like

Cryptocurrency

Amid the financial pressure on many companies to examine Bitcoin, it is estimated that a quarter of the S&P companies will have Bitcoin in...

Uncategorized

Industry experts note that stablecoin regulations and banking access should take priority over cryptocurrency tax reforms in the U.S. Clear laws can encourage mainstream...

Cryptocurrency

Binance has added a new feature that lets users trade directly from CEX to DEX without having to bridge assets or move funds by...

Cryptocurrency

Decentralized finance has transformed our trading, borrowing, and lending. These services are now available to users directly, without middlemen. The popularity of DeFi is...

polkadot
Polkadot (DOT) $ 4.01 1.32%
bitcoin
Bitcoin (BTC) $ 82,888.21 0.99%
ethereum
Ethereum (ETH) $ 1,809.27 0.98%
cardano
Cardano (ADA) $ 0.648085 0.96%
xrp
XRP (XRP) $ 2.05 0.51%
stellar
Stellar (XLM) $ 0.259075 1.32%
litecoin
Litecoin (LTC) $ 83.14 0.04%