Former Grayscale CEO Sonnenshein Appointed COO of Securitize

Tokenization platform Securitize has appointed Michael Sonnenshein, former chief executive officer of Grayscale Investments, as its first-ever chief operating officer.

Sonnenshein, who started at Securitize on Monday, had previously spent 10 years at Grayscale, one of the world’s largest crypto asset managers, overseeing more than 20 funds such as a Bitcoin exchange-traded fund.

Securitize, which allows for tokens representing real-world assets to run on blockchains, has partnered with asset managers including BlackRock Inc., Hamilton Lane and KKR to bring tokenized funds to market. It’s more than doubled assets on its platform this year to more than $1 billion. Securitize ...