Former Morgan Stanley COO Ventures into Crypto Industry
Jeremy Huff, the former COO of Morgan Stanley China, has made a significant shift into the crypto industry. He has joined No Limit Holdings (NLH), a venture capital firm focused on blockchain technology. This move highlights the increasing appeal of the crypto sector to professionals from traditional finance backgrounds and large institutions.
The Experience Behind the Transition
- Huff brings valuable experience from his time at Morgan Stanley, where he oversaw operations in mainland China since 2017.
- His role involved executing strategies for Morgan Stanley’s onshore mutual fund business and participating in the investment committee of their RMB private equity fund.
Strategic Importance of Huff’s Appointment
Gin Chao, a partner and co-founder of NLH, emphasized the strategic significance of bringing Jeremy Huff onboard. Chao highlighted Huff’s ability to understand complex concepts and translate them into actionable strategies, which will be beneficial for NLH’s future initiatives.
“Jeremy’s experience in corporate law, intellectual property, and asset management complements NLH’s strengths as native crypto investors,” Chao explained.
Huff’s Enthusiasm for Blockchain Technology
Huff expressed his excitement about his new role, emphasizing the transformative potential of blockchain technology. He acknowledged NLH’s dedication to supporting innovative founders and creating products that leverage blockchain for decentralization and democratization.
“Believing in blockchain’s power to create positive change, I am thrilled to be part of this journey,” Huff said.
Interest from Venture Capitalists in the Crypto Sector
No Limit Holdings’ recent move underscores the growing interest from venture capitalists in the crypto, blockchain, and Web3 sectors. Other notable developments in the industry include:
- Haun Ventures leading a $5 million seed funding round for Agora, an app streamlining voting for decentralized autonomous organizations.
- Galaxy Digital launching a $100 million fund to support early-stage crypto startups.
- BlackRock’s $47 million investment in tokenization firm Securitize.
Hot Take: The Rising Wave of Crypto Investments
The crypto industry continues to attract attention and funding from traditional financial institutions and venture capitalists. With established players like BlackRock and Galaxy Digital making significant investments, the future looks promising for crypto startups and blockchain technology. As more professionals from traditional finance transition into the crypto space, we can expect further innovation and growth in the industry.
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