Michael Alexander, the former CEO in Asia for investment banking firm Jefferies, has moved to EOS’ $1 billion venture capital arm, its parent company Block.one announced. Alexander, who will be based in Hong Kong, started his new job Thursday. He will also be on the Block.one executive committee.
EOS (EOS) is both a cryptocurrency token and a blockchain-powered “operating system” for decentralized applications.
In his new job Alexander will manage direct venture investments and EOS venture capital partnerships, with a focus on sourcing and investing in projects involving the EOSIO ecosystem, according to the company announcement.
Block.one, which only recently closed a year-long initial coin offering that raised $4 billion, has plans to spend over $1 billion on EOSIO ecosystem projects through its venture arm, and has already allocated approximately $700 million through VC partnerships in the United States, Europe and Asia, the company said. Read more here.