Andrew Yang To Advise Web3-Focused Firm

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  • Citi Ven­tures’ direc­tor of blockchain and dig­i­tal assets joins Six Dig­i­tal Exchange
  • Cryp­to ETP issuer taps Hive Blockchain Tech­nolo­gies founder as new CEO

2020 Demo­c­ra­t­ic pres­i­den­tial can­di­date Andrew Yang joined Pool Data as a strate­gic advis­er as he seeks to trans­form the data econ­o­my via Web3 technology.

Pool Data is deploy­ing Web3 to build infra­struc­ture in an effort to allow peo­ple to mon­e­tize and con­trol their online data. Yang said in a state­ment that the data econ­o­my is on the verge of a once-in-a-gen­er­a­tion shift.

“Indi­vid­ual con­sumers are mas­sive­ly out­gunned and out-resourced by tril­lion-dol­lar tech com­pa­nies,” Yang said. “It makes sense for con­sumers to come togeth­er, pool their data, and form data unions that can nego­ti­ate col­lec­tive­ly and com­mand a fair share of the data econ­o­my for all.”

Yang has brought the issues of data con­trol and mon­e­ti­za­tion onto the polit­i­cal agen­da through the Data Div­i­dend Project, which aimed to estab­lish data-as-prop­er­ty rights under pri­va­cy laws such as the Cal­i­for­nia Con­sumer Pri­va­cy Act.

The polit­i­cal fig­ure and entre­pre­neur told Block­works in an inter­view ear­li­er this year that cryp­to and Web3 advo­cates need to get more polit­i­cal­ly involved. He revealed Lobby3 DAO in Feb­ru­ary — designed to fund pol­i­cy advo­ca­cy and edu­cate law­mak­ers about the pos­i­tive poten­tial of Web3.

Bit­coin com­pa­ny NYDIG pro­mot­ed Tejas Shah and Nate Con­rad to become the firm’s CEO and pres­i­dent, respectively.

The move comes as the com­pa­ny said its bit­coin bal­ances hit an all-time high dur­ing the third quar­ter. Shah and Con­rad will focus on pick­ing up the pace on NYDIG’s invest­ments in its min­ing solu­tions and plat­form tech­nol­o­gy businesses.

The two are set to replace CEO Robert Gut­mann and Pres­i­dent Yan Zhao, who will remain at NYDIG par­ent com­pa­ny Stone Ridge Hold­ings Group, which they co-found­ed with Ross Stevens in 2012.

Shah was most recent­ly NYDIG’s glob­al head of insti­tu­tion­al finance, while Con­rad worked as glob­al head of pay­ments. Pri­or to join­ing NYDIG in 2020, Shah had a near­ly 20-year career at Gold­man Sachs. Con­rad joined Stone Ridge in 2016 and NYDIG in 2020 after also begin­ning his career at Gold­man Sachs.

Alexan­dre Kech, who is leav­ing his role as direc­tor of blockchain and dig­i­tal assets at Citi Ven­tures, is set to join Six Dig­i­tal Exchange.

“This week is my last at Citi Ven­tures, more than a year after launch­ing the Blockchain & Dig­i­tal Asset Stu­dio prac­tice,” he wrote in a LinkedIn post. “This may seem like a short tenure, and it is. But some­times, an excep­tion­al oppor­tu­ni­ty comes along.”

Before join­ing the Cit­i­group sub­sidiary in Sep­tem­ber 2021, Kech was a head of secu­ri­ties and for­eign exchange mar­kets at SWIFT and lat­er co-found­ed Onchain Cus­to­di­an, where he worked as CEO. 

The founder and for­mer pres­i­dent of cryp­to min­er HIVE Blockchain Tech­nolo­gies took a new posi­tion as the CEO of Val­our, an issuer of cryp­to ETPs. 

Olivi­er Roussy New­ton, who also co-found­ed Val­our, replaces Rus­sell Starr, who is set to re-assume the role of head of cap­i­tal mar­kets and main­tain his role as exec­u­tive chairman.

“My role was nev­er intend­ed to be per­ma­nent and hav­ing some­one with Olivier’s pedi­gree step in is tes­ti­mo­ny to the qual­i­ty of Val­our as a com­pa­ny and the glob­al team sup­port­ing Valour’s vision of being the dom­i­nant ETP play­er in the world,” Starr said in a statement.

Roussy New­ton is a part­ner at invest­ment fund Latent Cap­i­tal and cur­rent­ly sits on the board of SEBA Bank AG.

Soft­ware devel­op­ment com­pa­ny Allu­vial appoint­ed a for­mer Coin­base Cloud exec­u­tive as its chief growth offi­cer as the com­pa­ny con­tin­ues its focus on build­ing secure liq­uid stak­ing solutions.

Mara Schmiedt joins Allu­vial as its chief growth offi­cer after serv­ing as Coin­base Cloud’s head of sales, a role in which she over­saw cus­tomer rela­tion­ships, strate­gic part­ner­ships and cor­po­rate growth initiatives.

Pri­or to join­ing Coin­base, she man­aged busi­ness devel­op­ment at blockchain-based infra­struc­ture com­pa­ny Bison Trails, which Coin­base bought in Feb­ru­ary 2021. Schmiedt also pre­vi­ous­ly worked as a strat­e­gy man­ag­er at blockchain tech com­pa­ny Con­sen­Sys from 2018 to 2020.

Cryp­to exchange LMAX Dig­i­tal hired Bryan Chris­t­ian as direc­tor of US sales and Cas­san­dra Cox as direc­tor of insti­tu­tion­al sales in Europe. 

Chris­t­ian and Cox will over­see the growth and expan­sion of the company’s cryp­to prod­uct pipeline and lead sales cov­er­age for insti­tu­tion­al clients in the US and Europe, respectively. 

A for­mer head of exchange at cryp­to exchange CrossTow­er, Chris­t­ian was also pre­vi­ous­ly a man­ag­ing direc­tor at Nas­daq and head of US sales at Cboe Glob­al Mar­kets. Cox was at Société Générale from 2012 until Sep­tem­ber 2021, where she was a man­ag­ing direc­tor focused on insti­tu­tion­al for­eign exchange and emerg­ing mar­ket sales.

Maple, a plat­form where pooled cap­i­tal is lent to cryp­to firms, brought aboard Chad Walls as the company’s new cap­i­tal mar­kets direc­tor and Daniel Lim as an asso­ciate direc­tor of cap­i­tal markets. 

Walls was pre­vi­ous­ly an insti­tu­tion­al busi­ness devel­op­ment direc­tor of Cel­sius, a cryp­to lender that filed for bank­rupt­cy in July. Lim most recent­ly held prod­uct strat­e­gy roles at HPS Invest­ment Part­ners and River­stone Hold­ings, and also pre­vi­ous­ly worked on Gold­man Sachs’ cross-asset sales team.


Attend DAS:LONDON and hear how the largest Trad­Fi and cryp­to insti­tu­tions see the future of crypto’s insti­tu­tion­al adop­tion. Reg­is­ter here.


  • Ben Strack
    Ben Strack is a Den­ver-based reporter cov­er­ing macro and cryp­to-native funds, finan­cial advi­sors, struc­tured prod­ucts, and the inte­gra­tion of dig­i­tal assets and decen­tral­ized finance (DeFi) into tra­di­tion­al finance. Pri­or to join­ing Block­works, he cov­ered the asset man­age­ment indus­try for Fund Intel­li­gence and was a reporter and edi­tor for var­i­ous local news­pa­pers on Long Island. He grad­u­at­ed from the Uni­ver­si­ty of Mary­land with a degree in journalism.

    Con­tact Ben via email at [email pro­tect­ed]

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