Blockchain.com Adds Ex-KPMG Chief Timothy Flynn to Board Amid IPO Plans
Blockchain.com has strengthened its management ranks with the addition of Timothy Flynn, the previous chairman and CEO of KPMG, to its board of administrators.
Key Takeaways:
- Blockchain.com expands board with high finance leaders, including ex-KPMG CEO Timothy Flynn and Klaviyo CLO Landon Edmond.
- The agency’s board now has 9 members, reflecting experience throughout Wall Avenue, fintech, and Web3.
- IPO momentum in crypto markets grows, with Circle, Bullish, and others just lately going public.
The transfer provides one other layer of monetary experience as the corporate positions itself for a possible public itemizing, in keeping with a Wednesday report from Fortune.
Flynn, who additionally served as a director at JPMorgan, described Blockchain.com as “a trusted bridge between conventional finance and the digital financial system.”
Blockchain.com Provides Flynn, Klaviyo’s Chief Authorized Officer to Board
The corporate additionally appointed Landon Edmond, Chief Authorized Officer of e-commerce platform Klaviyo, to its board.
With these appointments, Blockchain.com’s board now stands at 9 members, which President Lane Kasselman stated displays expertise “spanning from Wall Avenue to Web3.”
The growth comes as crypto corporations see renewed investor urge for food, with business heavyweights Circle and Bullish just lately going public, and Kraken additionally rumored to be exploring an IPO.
Based in 2015, Blockchain.com was among the many first firms to supply broadly distributed crypto wallets, alongside its widespread Blockchain Explorer, a software used globally to trace transactions throughout Bitcoin and different blockchains.
The agency later diversified into alternate providers and crypto funds. Right this moment, its operations are divided into three predominant areas: retail wallets, institutional providers for hedge funds and asset managers, and an asset administration arm that features enterprise capital, high-frequency buying and selling, and digital treasury providers.
Blockchain.com was final valued at $7 billion in 2023. Whereas the agency declined to touch upon IPO timelines, the current hiring of a CFO and COO earlier this yr, coupled with the board additions, underscores its readiness to faucet public markets.
Kasselman emphasised that the corporate’s technique is to construct credibility throughout each conventional finance and digital belongings.
Blockchain.com’s IPO plans come amid heightened investor curiosity in crypto listings. Circle’s June debut noticed shares surge practically 10x from the $31 providing worth earlier than settling at $149.
Final week, institutional alternate Bullish more than tripled from its $37 IPO price on its first buying and selling day, closing close to $70 on Friday.
A number of different crypto corporations, together with OKX, Grayscale, and Kraken, have both hinted at or initiated plans to go public. In the meantime, listed business leaders like Coinbase and MicroStrategy have just lately hit multi-year highs.
Tether Faucets Ex-White Home Crypto Official Bo Hines to Lead U.S. Technique
In the meantime, Tether has appointed Bo Hines, former Govt Director of the White Home Crypto Council below President Donald Trump, as its new Strategic Advisor for Digital Belongings and U.S. Technique.
Hines will work instantly with Tether’s management on regulatory engagement and coverage initiatives as the corporate ramps up its U.S. growth.
Hines, who performed a key function in digital asset initiatives on the White Home, stated stablecoins can enhance monetary inclusion and modernize funds.
His appointment displays a wider pattern of crypto corporations hiring former authorities officers to strengthen coverage engagement and bridge the hole between blockchain innovation and U.S. regulation.
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