Invesco, which manages $1.8 trillion in assets, has appointed JP Morgan Chase Blockchain veteran Kathleen Wrynn, leading the digital assets portfolio of over $1 billion.
Wrynn will serve as Invesco’s global digital assets director. This is a newly created role that oversees the management of various tokenized assets and cryptocurrency investments.
Wrynn will also be responsible for initiatives such as tokenizing asset manager funds and integrating cryptocurrency into investment strategies, an Invesco representative said in a statement shared on Wednesday. Decryption.
According to the statement, Invesco has $1.6 billion in digital asset ETFs under control, including three blockchain and crypto ecosystem ETFs and three global spot cryptocurrency ETFs.
Wrynn previously oversaw JP Morgan’s blockchain business and supported product development in the Web3 ecosystem.
This appointment, which is likely to support buildings from Invesco’s digital assets initiative, will be made to help a variety of institutional investors explore cryptocurrencies and the technologies that embrace them.
in Survey of 100 Fortune 500 companies60% reported investments or efforts in blockchain-related projects, according to a new Coinbase report. Meanwhile, about 70% of cryptocurrency activity in North America has recently consisted of over $1 million in transfers, highlighting strong institutional interest in cryptocurrencies in major markets such as the US. According to Data Provider Chain Melting ‘2024 Cryptocurrency Report Geography.
Additionally, over 120 public companies (many people have no connection to the crypto industry) have established Bitcoin finances over the past year. bitcointreasuries.net. Similarly, several other publicly traded companies have shown their intention to stockpile other digital assets such as Ethereum, Solana, and XRP.
Their embrace comes when President Donald Trump promotes Several custody policies at the federal levelissue the degree of executive order calling for the protection of Bitcoin miners’ rights and the US Treasury to establish a strategic Bitcoin Reserve.
Edited by James Rubin
