Original title: Invesco Hires JP Morgan Veteran to Lead Its $1.6 Billion Crypto ETF Business
Original author: Liz Napolitano
Original source: https://decrypt.co/
Compiled by: Daisy, Mars Finance
This global asset management giant managing $1.8 trillion in assets welcomes Kathleen Ryan, who will be responsible for managing crypto ETFs and other tokenized asset portfolios.
Global asset management firm Invesco (managing $1.8 trillion in assets) has announced the appointment of JP Morgan blockchain expert Katherine Ryan to lead its digital asset business. The company's crypto ETFs and tokenized asset portfolio amount to $1.6 billion. This personnel change comes at a time when institutions are accelerating their acceptance of digital assets.
Invesco Group (managing $1.8 trillion in assets) has appointed JP Morgan veteran Katherine Ryan to lead its over $1 billion digital asset portfolio, highlighting financial institutions' growing interest in cryptocurrencies.
Ryan will serve as the Global Head of Digital Assets at Invesco - a newly established position responsible for overseeing the management of various tokenized assets and cryptocurrency investments.
A spokesperson for Invesco stated on Wednesday to Decrypt that Ryan will also lead innovative projects such as asset tokenization funds and integrating cryptocurrencies into investment strategies. The statement revealed that Invesco currently manages $1.6 billion in digital asset ETFs, including three blockchain and crypto ecosystem ETFs and three global spot cryptocurrency ETFs.
Ryan previously led JP Morgan's blockchain business, overseeing product development related to the Web3 ecosystem. This personnel appointment will aid Invesco in expanding its digital asset business, particularly as various institutional investors actively explore cryptocurrencies and their underlying technologies.
Coinbase's latest report shows that in a survey of Fortune 500 companies, 60% indicated they have invested in or are pursuing blockchain-related projects. According to data provider Chainalysis (2024 Cryptocurrency Geographic Report), approximately 70% of recent crypto transactions in North America involved large transfers exceeding $1 million, highlighting strong interest from institutional investors in major markets like the U.S. towards cryptocurrencies.
Data from Bitcointreasuries.net shows that in the past year, over 120 publicly traded companies (most of which had no prior connection to the crypto industry) have established Bitcoin reserves. Meanwhile, several listed companies have also expressed intentions to accumulate other digital assets such as Ethereum, Solana, and XRP.
As this trend emerges, U.S. President Trump is pushing for several federal-friendly cryptocurrency policies, issuing executive orders to protect the rights of Bitcoin miners and instructing the Treasury Department to establish a strategic Bitcoin reserve.
