As a seasoned researcher and observer of the blockchain landscape, I am particularly intrigued by this move by Securitize to appoint Michael Sonnenshein as their new COO. With his rich background leading Grayscale to a significant court victory against the SEC and shaping Bitcoin into a $113 billion Wall Street asset class, it’s clear that he brings a wealth of experience in navigating complex regulatory landscapes and establishing digital assets as a mainstream investment class.
Securitize, a company specializing in blockchain technology, has named Michael Sonnenshein as their new Chief Operating Officer. This significant position puts him in close collaboration with CEO and co-founder Carlos Domingo.
On December 12th, a press release announced that Michael Sonnenshein, the previous CEO of Grayscale, began working at Securitize, a company specializing in asset tokenization, as of December 9th.
Sonnenshein mentioned that his move to Securitize is happening during a period where there’s growing interest in tokenization, not just from institutional investors but also individual consumers. His objective is to tackle inefficiencies in the capital market and streamline how investors engage with tokenized products on decentralized platforms.
Through its platform, Securitize has facilitated the tokenization of a total of $1 billion worth of assets on the blockchain, thereby making it possible for financial products such as BlackRock’s BUIDL money market to operate on Ethereum, and providing support for dollar-backed synthetic protocols like Ethena Labs.
I’m excited to be part of Securitize at this crucial juncture, as there’s an immense need for tokenization in our current market. The talented team at Securitize has shown remarkable vision and leadership in fostering the expansion of tokenization initiatives.
Michael Sonnenshein, new Securitize COO
It’s a pleasure to announce that Michael Sonnexen, previously CEO of Grayscale Investments, has joined our team at Securitize as the new Chief Operating Officer. Michael’s expertise will significantly boost Securitize’s standing as a pioneer in transforming real-world assets into digital securities. 🎉 Welcome aboard, @Sonnenshein!
— Securitize (@Securitize) December 12, 2024
Michael Sonneshein guided Grayscale towards a significant court triumph over the Securities and Exchange Commission, setting the stage for a $113 billion investment sector on Wall Street. In May 2024, Grayscale’s previous chief executive stepped down, shortly following the U.S. SEC’s approval of Bitcoin (BTC) exchange-traded funds in January.
According to CEO Carlos Domingo, Securitize predicts that Sonnenshein’s actions will solidify its role as a pioneer in the field of real-world asset tokenization.
Michael is a pioneer, known for his forward-thinking strategies and skillful maneuvering through intricate regulatory environments. His efforts have significantly contributed to the acceptance of digital assets as a common investment option.
Carlos Domingo, Securitize CEO
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2024-12-12 19:10