Investment bank Moelis & Co. Release A new initiative called the “Global Blockchain Group” advises blockchain companies to increase crypto adoption by providing existing advisory capabilities.
Moelis & Co. Co-founder John Momtazee has been appointed to oversee this effort. Lou Kerner, the founder of CryptoOracle Collective and a long-term investor in the company, has been appointed Senior Advisor to the Group.
Kerner Said:
“Moelis’ presence as a key advisor in this area is an important development for the long-term growth of blockchain technology. Our combined advisory capabilities, long-standing client relationships and extensive blockchain expertise. Knowledge helps drive the adoption of this innovative technology. “
Global Blockchain Group is Moelis & Co interested in this technology. Start working with your existing clients. Moelis & Co. Currently provides strategic advisory services to 21 companies worldwide.
Moelis & Co.Believe in cryptography
In addition to the founder, the staff is also interested in crypto, 30% of the staff have a crypto wallet, the majority are juniors, Bloomberg News reportQuoted from an interview with Momtazee.
Moelis & Co. We believe that technology investment is an important factor in shaping the business environment. In this regard, the company sees the immense potential of cryptocurrencies and the magnificence of their advisory impact.
Momtazee said in a press statement on July 25 that more than 50 unicorns appeared and nearly $ 20 billion was raised last year for blockchain companies. The potential of this sphere is only apparent from these numbers. He added that blockchain technology has solved many problems and we are still in the early stages of the revolution.
Moelis & Co. Co-founder said he trusted the sector and rejected the negative sentiment of the bear market. According to Bloomberg, Moelis Momtazy said in an interview:
“We love timing. We pile up on good days and feel that” here we are ready to help “is less real than when there is a challenge I think that there. Disruptive technology is variable. “
Moelis has already advised crypto projects, including Voyager Digital, who had to file for bankruptcy due to the collapse of Three Arrows Capital.
Like the internet
Momtazee likened the transformative power of cryptography to the Internet in the late 90’s. Like the Internet, blockchain has long-term potential, so he said he needed the right advice.
Meanwhile, Moelis said the crypto space will expand further and businesses will continue to make more important transactions. He said the current deal is not yet “expensive,” as it was in the early days of the Internet, when businesses made small transactions.
In the future, M & A transactions will increase as market capitalization and transactions expand, Moelis said.
