Tezos Foundation Appoints CoinShares’ Danny Masters as Non-executive Council Member

Tezos Foundation, the non-profit organization promoting the development of the Tezos protocol, announced today that it has appointed Danny Masters, co-founder and Chairman of the CoinShares Group as a non-executive Council Member of the Foundation.

The appointment comes off the back of the recent Tezos Foundation Council meeting, with the CoinShares Chairman now set to bring his wealth of experience in the financial markets to help propel Tezos to new heights.

As part of an illustrious career, Danny Masters had co-founded Global Advisors, an asset management company that professionalized commodities investment in 1999. Masters stepped foot into the cryptocurrency investment space in its early days as well, piloting the creation of Global Advisors Bitcoin Investment Fund Plc (“GABI”) in 2014,.

GABI is reportedly the first regulated Bitcoin investment fund and paved the way for similar offerings to launch in subsequent years. It also led up to the creation of CoinShares, a digital asset company that now manages hundreds of millions of dollars in client assets.

Hubertus Thonhauser, Chairman of the Tezos Foundation Council said in the announcement:

We are thrilled for Daniel to bring his leadership and investment expertise to the Tezos Foundation Council, where he will help guide the Foundation’s vision and strategy for the future.

Danny Masters on his part, identified Tezos as well-positioned to “lead the way in a variety of use cases across capital markets, asset management, and new financial technology use cases.” He also pledged to work towards the identification of “new ways to leverage the unique capabilities of the Tezos protocol and network.”

Meanwhile, as part of the announcement, the Tezos Foundation also confirmed that former Council Member, Olivier Jaillon has now stepped down as a result of “short-term constraints.”

The latest adjustment in leadership positions at the Tezos Foundation comes amid a period of strong growth in the project’s ecosystem.

In May, Coinfomania reported that Bitcoin Suisse launched XTZ staking for institutional investors while tokenization platform, tZero also added support for the Tezos protocol to match growing demand.