Moelis & Company, a worldwide unbiased funding financial institution, has launched its Global Blockchain Group, which can present advisory providers to each companies using blockchain in addition to rising and main blockchain corporations, together with these searching for to construct a presence in Web3.
The Group, led by John Momtazee, Moelis & Company Co-Founder and Global Head of Media Investment Banking, will embody a group of senior bankers throughout a number of business teams with important expertise in advising blockchain corporations.
The Group will work with different business groups throughout the almost two dozen Moelis places of work world wide.
“The establishment of the Global Blockchain Group demonstrates our commitment to meet our clients in the moment by providing senior-level counsel across both established and emerging industries,” mentioned Momtazee.
He mentioned that with greater than 50 unicorns and several other decacorns within the sector already and almost $20bn of capital raised for blockchain corporations final yr, blockchain expertise is poised to be “as transformative to the global business landscape as the Internet was in the late 90s”.
“Despite the current volatility, we see strong long-term prospects for its application and an increasing need for high quality strategic advice, sources of capital to fund growth and liability management solutions,” he mentioned.
In addition, the Firm has appointed Lou Kerner as Senior Advisor to the Global Blockchain Group.
As Founder of the CryptoOracle Collective, a Web3 consulting agency, and Partner at Blockchain Coinvestors, a enterprise investor to blockchain and crypto corporations, Kerner brings almost a decade of expertise working with, main and investing in blockchain, cryptocurrency, good contracts and decentralized finance corporations.
“The presence of Moelis as a leading advisor in this space is an important development for the long-term growth of blockchain technology,” commented Kerner.
“Our combined advisory capabilities, longstanding client relationships and extensive blockchain expertise will help drive the adoption of this transformative technology. I look forward to working with our clients and contributing to Moelis’ culture and reputation as a trusted, long-term advisor,” he mentioned.
Navid Mahmoodzadegan, Co-Founder and Co-President of Moelis & Company, added: “Technological innovation and disruption have been major drivers of transaction activity globally, a trend that will continue to shape the business landscape.”
“As leading investors increasingly look to participate in the substantial value creation that we expect blockchain technology will offer, Moelis & Company’s global platform, strong sponsor relationships, collaborative and agile culture, and entrepreneurial spirit positions us well to help our clients leverage this significant opportunity.”