Block.one, the company that designed the EOS blockchain software, has appointed a former executive from Jefferies Group LLC to lead its $1 billion venture capital arm.
Block.one announced Thursday that Michael Alexander, who previously served as the chief executive officer of Jefferies’ Asia branch, will now head EOS VC.
Based in Hong Kong, Alexander will manage both direct venture investments and EOS VC partnerships.
The startup intends to invest over $1 billion in the EOS.IO platform through its venture arm, with plans to fund companies and projects already using the protocol.
Approximately $700 million has already been allocated through VC partnerships in the United States, Europe and Asia, the company said.
A press release published today from EOS creator, block. one, announced that the company’s $1 billion EOS VC Venture Capital Division will be lead by Former Jefferies Asia CEO, Michael Alexander.
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