Multicoin Capital, a Texas-based cryptocurrency fund, has announced that Greg Xethalis joined the company as General Counsel and Chief Compliance Officer. According to the blog post published on its official website, his full-time onboarding took place ‘a couple of months ago.’
As part of the team, Xethalis will represent Multicoin Capital as a board member at the Association For Digital Asset Markets (ADAM). Also, he took the lead in all the legal and compliance matters of the crypto fund. “He has already changed the trajectory of the firm in the short time he’s been here, and we have no doubt he will continue to do so moving forwards. Crypto is entering the next phase of growth, and we feel very fortunate to have Greg on our team to help us build the future alongside our portfolio companies,” the firm noted.
Prior to his new role at Multicoin Capital, Xethalis was a partner in the Investment Management and FinTech practices at Chapman and Cutler LLP. Moreover, he is a well-known crypto veteran who started working in the sphere in 2012, who was involved in early federal and state regulatory affairs concerning virtual currencies.
Recent Binance Investment
“Crypto is entering mainstream awareness, and we are growing our team so that we can support entrepreneurs as effectively as possible and engage broader stakeholders as one of the largest investment firms in the space,” Multicoin Capital added in the statement about Xethalis’ hiring.
In March, cryptocurrency exchange Binance invested an undisclosed amount in the Texas-based crypto fund. The world’s most influential crypto platform said the new investment is unique in nature and makes Binance a limited partner in the crypto-focused hedge fund.
Multicoin Capital is an Austin-based venture capital company that invests in crypto tokens and also gives investors regulated exposure to the blockchain industry. Most recently, the fund had reportedly accumulated a large position in RUNE, the native token of a decentralized cross-chain automated market maker.
Source: Read Full Article