BY CNA team - November 14, 2018
Forbes finance list includes more blockchain, crypto entrepreneurs
Once again, blockchain and cryptocurrency personalities have made it to the annual Forbes 30 under 30 in Finance list.
The class of 2019 includes Nader al-Naji, 26, the Princeton-educated son of Syrian and Lebanese immigrants, who raised US$133mil from the likes of Stanley Druckenmiller, Andreessen Horowitz and Bain Capital Ventures to develop a cryptocurrency, Basis.
A stablecoin pegged to the greenback, Basis uses blockchain technology to replace central banks in countries where the currency is volatile, with the supply depending on demand.
Nigerian immigrant to the US, Olaoluwa Osuntokun, 25, a Lightning Labs cofounder, has raised US$2.5mil to increase the speed of transactions on the bitcoin blockchain, making it a more viable system for small, Venmo-like transactions.
Bail Bloc cofounder JB Rubinovitz, 26, a machine-learning engineer, created a blockchain-based system where mined cryptos can be used to pay bail.
Bitwise Asset Management CEO Hunter Horsley, 28, is, according to Forbes, trying to build the Vanguard of cryptocurrencies. The asset manager’s four crypto indices are currently being used by over 600 multifamily offices.
The class of 2018 included Ethereum founder Vitalik Buterin and Olaf Carlson-Wee, the founder of Polychain Capital, a crypto hedge fund.
According to Forbes, this year’s list is also the most diverse, with 40% of list-makers being female and nearly a quarter being emigrants to the US.