Block.one, the company that manages the EOS blockchain platform, have hired a former executive from global investment giant Jefferies Group Asia to run their $1 billion venture capital fund.
The announcement was made in a July 5 press release, introducing former Jefferies Asia CEO Michael Alexander as the new CEO of the $1 billion EOS VC venture capital arm, “effective immediately.”
According to the press release, Alexander will manage both direct venture investments and EOS VC partnerships, also serving as a member of the Block.one Executive Committee.
Alexander’s new role at EOS VC will focus on investing in “game-changing” blockchain-based products and entrepreneurs across the globe that enrich the EOSIO ecosystem. EOS VC has so far allocated approximately US$700 million through VC partnerships in the United States, Europe and Asia.
Alexander, who was chief executive of Jefferies Asia for 8 years, brings 25 years of experience in Asian capital markets. Prior to his CEO role at Jefferies Asia, he held an executive position at CLSA Hong Kong and led the Asian Proprietary Trading department at Deutsche Bank Hong Kong.
EOS concluded its initial coin offering (ICO) in June, raising over $4 billion and becoming the largest ICO in history.