Home > CryptoNews > Crypto Trade Group ADAM Appoints Former Legal Chief of Och-Ziff As First CEO

Crypto Trade Group ADAM Appoints Former Legal Chief of Och-Ziff As First CEO

Crypto Trade Group ADAM Appoints Former Legal Chief of Och-Ziff As First CEO

The Association for Digital Asset Markets (ADAM), a crypto trade group that works in partnership with leading financial firms and regulatory experts to devise a code of conduct for digital asset markets, has appointed Jeffrey Blockinger, former legal of a hedge fund company Och-Ziff, as its first CEO.

The Association for Digital Asset Markets (ADAM) made the announcement in a press release published on Thursday, May 21. ADAM said that Jeffrey Blockinger’s appoints aims to “broaden and deepen ADAM’s role in fostering fair and efficient digital asset markets where participants can transact with confidence.”

Jeffrey Blockinger served as the chief legal officer of Och-Ziff Capital Management, now called Sculptor Capital Management. According to the reports, the company is a multi-state hedge fund that currently manages more than 30 billion in assets.

Blockinger is bringing his more than 20 years of experience in “structuring investment advisers, investment funds and broker-dealers while protecting their firms from legal risk.” He is widely-respected for his advocacy with regulators and other key market participants on behalf of entrepreneurial asset managers.

He also served other business development companies such as Schulte Roth & Zabel LLP, Crowell & Moring LLP and Morgan, and Lewis & Bockius LLP.

He stated:

The digital asset industry has reached an historic inflection point as cryptocurrencies, digital securities and other digital innovations transform the financial markets. ADAM plays a leading role in paving the way for continued growth and acceptance by traditional financial market participants,” he said. “I look forward to expanding our leadership role in shaping the future of the digital assets markets by building consensus for the entire industry.”

ADAM, founded in 2018, is a broad-based industry group that seeks to include a wide variety of market participants, including trading platforms, custodians, investors, asset managers, traders, liquidity providers, and brokers. This crypto trade group is geared towards a digital assets market where participants can transact with confidence.

Richard Rosenblum, co-founder and head of markets of GSR, a founding member of ADAM, commented:

Jeff’s extensive experience in guiding traditional and alternative asset managers through periods of momentous change is a major asset for ADAM’s overall mission. His long history of success in creating, managing and influencing sophisticated coalitions of internal and external stakeholders during times of great change is crucial to achieving our goal of creating a stronger, safer ecosystem as we continue to grow our membership.”