The Global Blockchain Group is a new project by investment bank Moelis & Co. that aims to help blockchain startups grow crypto adoption by using their current consulting capabilities.
John Momtazee, a co-founder of Moelis & Co., is chosen to direct the project. Lou Kerner, the creator of CryptoOracle Collective and a longtime investor in the business, has been named as a senior advisor to the Group.
Kerner said:
“The presence of Moelis as a leading advisor in this space is an important development for the long-term growth of blockchain technology. Our combined advisory capabilities, longstanding client relationships and extensive blockchain expertise will help drive the adoption of this transformative technology.”
The Global Blockchain Group will begin collaborating with current Moelis & Co. clients that are intrigued by the technology. Currently, Moelis & Co. offers strategic consultancy services to businesses in 21 different countries throughout the world.
Moelis & Co. supports cryptocurrency
According to News, which cited an interview with Momtazee, the company’s team, in addition to its founders, is interested in cryptocurrencies. 30% of the staff members have cryptocurrency wallets, with juniors making up the majority.
Technology investment, according to Moelis & Co., is a key element that affects how businesses are organized. In this regard, the company recognizes the enormous potential of cryptocurrencies and the significance of their advising influence.
In a press release on July 25, Momtazee claimed that more than 50 unicorns had materialized and that almost $20 billion had been raised for blockchain startups the previous year.
These stats alone show the potential of this field. In addition, he noted that blockchain technology is still in its infancy and that it offers numerous solutions to challenges. The co-founder of Moelis & Co. asserted his confidence in the industry and disregarded any unfavorable mood brought on by the bear market.
To read our blog on “Tribe Capital, a venture capital firm, raises $25M to start a crypto incubator program,” click here