Block.one is most popular for its design of the EOS blockchain software, but they recently made some new changes that should improve their projects. As of July 5th, they have added Michael Alexander, who recently worked with the Jeffries Group LLC as an executive. He will be in charge of leading their new $1 billion venture capital arm. In this new position, Alexander will need to handle both direct venture investments and EOS VC Partnerships.
So far, about $700 million of Alexander’s budget for the project has been assigned to various VC partnerships, which are based in Europe, Asia, and the United States. The company is also welcoming their new president, Rob Jesudason, who had this to say about the support they want to give new companies:
“Our partnerships and investment efforts through EOS VC are critical in driving adoption and innovation in the EOSIO ecosystem … [Alexander] 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.”
Alexander has plenty of experience with Asian capital markets, with the last 25 years including his positions with CLSA Hong Kong and Deutsche Bank Hong Kong. In a statement, Alexander 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.”
This new role is established just a few short weeks after the launch of EOS, though it has had many issues since it went live. Alexander will need to keep up on the changes in the market to see how EOS’s network changes, or if its completely rewritten.