As it gears up for the launch of a public blockchain network promising to democratise asset digitisation, AlphaPoint has poached Nasdaq EVP Salil Donde and installed him as CEO.
Donde spent nearly three years at Nasdaq as EVP, global information services, which provides data, analytics, index products and ETF listing to the FS industry.
He is now leaving the Wall Street establishment for blockchain upstart AlphaPoint as it unveils plans for what it calls the world’s first public blockchain engineered from the ground up on Intel SGX technology.
Users will be able to securely digitise real-world assets across both public and private blockchains. This, says the firm, will help bring historically illiquid assets - including real estate, exclusive goods, debt, and commodities - to market through the token model.
To fund the network's development, AlphaPoint is planning a pre-functional token sale to accredited investors early next year. Participants will receive IOUs for future utility tokens to power services on the future open network.
"The primary mission of AlphaPoint is to enable our customers to digitize real-world assets and launch new markets. The proceeds from the planned sale to accredited investors will allow AlphaPoint to build a new public blockchain network that delivers on this mission at a new scale," says Donde.