Montreal, QC, Nov. 19, 2024.
We’re thrilled to welcome Sean Bill as our Chief Investment Officer to lead Blockstream’s new Asset Management Division.
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Sean Bill brings over 30 years of experience in traditional finance, including roles as CIO at Prime Meridian Capital Management and Treasurer at Santa Clara VTA.
He’s a recognized leader and advocate for Bitcoin adoption in institutional portfolios.
https://x.com/PMIfunds/status/1715114451803005375
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Sean will lead the creation of Bitcoin-based financial and investment solutions, leveraging Blockstream’s technology stack, including the Liquid Network.
“Bitcoin is hitting all-time highs and institutional interest is unprecedented.” – nostr:npub1qg8j6gdwpxlntlxlkew7eu283wzx7hmj32esch42hntdpqdgrslqv024kw, CEO.
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New Bitcoin financial products in development:
→ Bitcoin Yield Fund: Aims to function like a money market fund for Bitcoin holders.
→ USD Yield Fund: Offers lending opportunities via bitcoin-backed loans.
These products enhance liquidity for Bitcoin holders seeking yield or access to capital.
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These solutions will run on our Asset Management Platform (AMP), enabling tokenized assets on the nostr:npub1nyyhnqahf3cgqzcc927x7eqyd2msgplfe27ddn6hpgu2m200wh2s0s7gan.
AMP ensures security, scalability, and compliance with AML/KYC standards, bridging Bitcoin and mainstream finance.
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The Liquid Network already supports $1.8B in real-world assets (RWAs), including stablecoins and securities, representing nearly 15% of the blockchain-based RWA market.
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Sean’s leadership will drive Blockstream’s vision of end-to-end Bitcoin-based financial solutions forward, delivering innovative products tailored to growing institutional demand.
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“I’m excited to join Blockstream at such a pivotal time. Together, we’ll create superior financial products that meet the evolving needs of the market.” – Sean Bill, CIO
Full press release:
https://blockstream.com/press-releases/2024-11-19-sean-bill-appointed-new-blockstream-cio/
Feels very mixed. I'm sure he can do trust reduced custody better than Blockstream. But kyc aml? Yuck.
I get it it's a complex world sizeable investors that want to be transparent for various reasons etc. It's just hard to see the nuance when we also know it's a tool used to try to destroy us.
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