The venture capital firm aims to develop and support the EOSIO ecosystem through investment, partnership and mentorship activities targeting game-changing blockchain-based products and entrepreneurs.
Block.one has announced the appointment of Mike Alexander, former CEO of Jefferies Asia, as Chief Executive Officer of its US$1 billion EOS VC venture capital arm, effective today. The company has so far allocated approximately US$700 million through VC partnerships across the globe.
The company is the publisher of the EOS blockchain software protocol, responsible for the EOS Token, a top-five cryptocurrency by market cap at approximately US$8 billion. The average daily volume of EOS surpasses $1 billion. Block.one holds 100 million tokens, which are currently worth a total of $900 million. Through the sale of the EOS Token, the Group raised over $4 billion already.
The executive role will be based in Hong Kong, where he will also serve as a member of the Block.one Executive Committee. As Chief Executive Officer, Alexander is responsible for managing both direct venture investments and EOS VC partnerships, with a focus on sourcing and investing in projects developing on the EOSIO ecosystem.
Rob Jesudason, incoming President of Block.one Group, said:
“Our partnerships and investment efforts through EOS VC are critical in driving adoption and innovation in the EOSIO ecosystem. We are committed to supporting companies that want to build businesses and DAPPs on the platform. Mike has extensive experience in investment banking and is one of the most respected individuals in the financial services industry in Asia. I am delighted he is joining the team.”
Mike Alexander, newly appointed Chief Executive Officer of the EOS VC arm, said: ´
“Block.one is shaping the next generation of technology and the internet. The vision of its founders has resulted in it being one of the fastest-growing organizations in the world and I am excited to be joining. The company’s unique position as the publisher of the EOSIO open-source code means that it is poised to lead the way in investments related to the burgeoning platform.”
An industry veteran with more than 25 years experience in Asia capital markets, Mike Alexander was CEO of Jefferies Asia for nearly eight years, since September 2010. Before Jefferies, Alexander had been Group Head of Sales and Sales Trading at CLSA Hong Kong, Director of Asian Proprietary Trading at Deutsche Bank Hong Kong, and Head of Proprietary Trading at JPMorgan Hong Kong and Ord Minnett.