Securitize, Galaxy, and Hashdex all made significant leadership appointments this week as momentum in the cryptocurrency industry continues.

Michael Sonnenshein has become COO of Securitize, the tokenization platform revealed this week. He had Crypto asset manager Grayscale has left in May.

Read more: Former Grayscale CEO shifts focus to coding

Securitization It is perhaps best known for helping BlackRock tokenize the US Dollar Institutional Digital Liquidity Fund (BUIDL) in March. Backed by US Treasury securities, the fund has grown rapidly to manage more than $500 million in assets.

Bringing real-world assets to blockchain is “one of the most exciting frontiers in the blockchain and broader digital assets space,” Sonnenshein told Blockworks in an interview on Thursday.

While fiat tokens (also known as stablecoins) are well-established, US Treasuries are the collateral that serves as the “underpin” for many capital market transactions, Sonnenshein said.

Read more: 'Investor appetite growing' in tokenized funds space: UBS

"Continuing to build products that can address some of the inefficiencies and... moving to offerings where the underlying assets are not dollar assets, but instead yield-producing assets, is a very attractive value proposition," he added.

Galaxy It also appointed Tony Puckett as its chief financial officer. He will assume the role of Alex Ioffe, who is scheduled to move to the role of senior advisor at the company on January 1.

Puckett recently took on the position of CFO at hedge fund firm Point72.

Earlier in his career, he worked in the Corporate Investments Group and Treasury Department at Bank of America, and served as Head of Finance and Liability Management at JPMorgan Chase. Puckett then moved on to oversee fintech company SoFi's treasury, market risk, regulatory and financial operations.

In another notable People move this week, an investment firm focused on cryptocurrencies Hashdex Mick McLaughlin appointed President of US Distribution. His responsibilities will include growing the company US ETFs.

McLaughlin was previously chief distribution officer at rival crypto asset manager Bitwise Asset Management. He also previously led ETF distribution in the Americas for Deutsche Bank and spent more than a decade building the iShares businesses at BlackRock and Barclays.

Meanwhile, Ethereum researcher Max Resnick said Announced its move to the Solana ecosystemHe will join R&D company Anza after previously working in the Special Mechanisms Group of Consensys.

“In my first 100 days, I plan to write specifications for as much of the Solana Protocol as possible, prioritizing fee markets and consensus implementation where I believe I can have the greatest impact,” Resnick wrote on December 9. X mail.

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