Major New York investment banking firm Moelis & Co. created a division of the Global Blockchain Group, which will provide consulting services to blockchain and crypto companies.
The group will be led by co-founder Moelis & Co. John Momtazee, as well as a team of senior bankers with extensive experience advising blockchain companies.
Momtazi will also take on the role of global head of media investment at Moelis & Co. Previously, he was managing director of the global media group UBS Investment Bank. According to him, the company is not worried about the strong decline and volatility of the crypto market, as businessmen see long-term prospects for the use of blockchain on a global commercial scale:
“We are time oriented. Investing in a technology when it’s on its best days and saying that we support it doesn’t seem like a very sincere approach to us. It would be more correct to support technology in a problematic period for it. We like this approach. In addition, we must not forget that any breakthrough technology will periodically destabilize.
The division is looking to work with large blockchain corporations as well as emerging blockchain companies, including those looking to expand their Web3 footprint. Global Blockchain also intends to coordinate with global partners Moelis & Co. to provide clients with access to potential opportunities in the crypto/blockchain sector around the world.
Previously, Goldman Sachs, together with the HQLAx platform, carried out the first largest securities lending operation using distributed ledger technology.
Source: Bits
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