Former Morgan Stanley CEO Eyes Cryptocurrency Investment Vehicle

Receive all Cointelegraph news immediately in Telegram. JOIN × News Bitcoin News Ethereum News Altcoin News Blockchain News Regulation Scams Guides & Analytics Bitcoin Bitcoin101 Price Index Price Analysis Ethereum Ethereum101 Price Index Price Analysis Events BlockShow 2017 Helsinki 2016 Events Events News Explained ICO Calendar Press Releases Submit a post Submit press release Events About Us Catalog Advertise Franchise Join Us The Cointelegraphfuture of money Toggle navigation Submit a post Submit press release News Bitcoin News Ethereum News Altcoin News Blockchain News Regulation Scams Press Releases Guides & Analytics Bitcoin Bitcoin101 Price Index Price Analysis Ethereum Ethereum101 Price Index Price Analysis Press Releases Events BlockShow 2017 Helsinki 2016 Events Events News Press Releases Explained ICO Calendar Advertise   35 MIN AGO By Alexander Geralis Former Morgan Stanley CEO Eyes Cryptocurrency Investment Vehicle Ex-Morgan Stanley CEO has already been investing in cryptocurrency for his own benefit over the last several years, now seeks to bring new investors into the market 715 Total views 63 Total shares Smart Investment As the market matures and lures more traditional finance professionals, investors like John Mack see a gap in accessibility. Mack is putting money down in what he believes to be the right places – expect ICO later this year. Ventures and crypto John Mack, once served as Chief Executive Officer for Morgan Stanley is now setting his crosshairs on digital currency. The banker claims to have been investing in digital currencies for years. John points out in an email statement: “I have been watching and investing in the cryptocurrency market over the last several years… We think Omega One is going to be transformative because it benefits the entire ecosystem – making crypto assets cheaper and easier to access.” His investments were made via Venture One, a portfolio company in which he is a private backer and his push into making digital currencies more available and attractive to investors will be done through Omega One. At this point, Mack is currently the only investor in the project. Brokers and tokens Alex Gordon-Brander explains: “We’re the bridge between traditional capital markets and the crypto markets… will provide everything from balance sheet intermediation and a trusted counterparty.” He adds: “We’re seeing the very first signs of institutional adoption of crypto markets.” The introduction of the brokerage aimed at investors might be timed well as the digital currency market has matured much over the past 18 months. There is clearly strong interest from institutional investors, but also some lack of information about how to go about acquiring digital assets in forms of cryptocurrency. From how to correctly report profits to the IRS, to how best to store them safely. Regulation and education seem to be the stumbling blocks at this point in time and with professionals experienced in trading securities, assets and investment vehicles- the knowledge they bring might very well prove beneficial to acknowledging cryptocurrency markets as a whole. Gordon-Brander indicates that clients will have to hold tokens native to the system and plan to do an ICO somewhere between August and December this year. Altcoin News Morgan Stanley Cryptocurrencies Investments ICO Tokens IRS Comments Hide Comments Hottest Bitcoin News Daily For updates and exclusive offers, enter your e-mail below. Cointelegraph News Top News Recent Editor Recommends Buckle Up: Bitcoin Price Heads For Below $2,000 As August 1 Nears   46982   |     35 Tezos $232 Mln ICO Sparks Fresh Fears For Ethereum Sell-Off   43631   |     11 Ari Paul, Tuur Demeester ‘Look Forward’ To Up To $1k Bitcoin Fees   41526   |     12 Ethereum Price Analysis: July 4 – July 11   31724   |     9 The Brief History of Bubbles   29107   |     15 Micropayment Company Ditches “Outdated Bitcoin” For IoT Technology   1657   |     2 Blockstream Meets BitTorrent: Lightning Micropayments Suggested to CEO Cohen   2179 McAfee Stakes His Name, $10 Mln On Bitcoin Split   4324   |     4 Petya’s Ransom Money Tracked Through Blockchain: Image   3434 Vice President of Marketing from Wargaming.net Joins SkinCoin’s Advisory Board   103 How Bots And Black Marketers Are Influencing Bitcoin Price, Altcoins Value   20669   |     7 Startup Darling EOS Cashes In Millions Of ETH As ICO Scorn Continues   22471   |     14 Investors are Comfortable With Bitcoin, Ethereum: Hong Kong Experts   10338   |     2 Stop Trying To Kill My ICO: Nick Ayton   12720   |     4 Five Big Businesses Leading Bitcoin Charge   19527 Hottest Bitcoin News Daily ×Close Hottest Bitcoin News Daily For updates and exclusive offers, enter your e-mail below. ×Close Registration Username * First Name Last Name Email * Password * Repeat Password * You registration completed successfully. Confirmation email sent to email address provided. Sign up Already have an account? Log in here ×Close Login Email * Password * Twitter Facebook Log in with Facebook! I forgot my password Login Don’t have an account yet? Sign up About us The Cointelegraph covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money. Site map Catalog Advertise Franchise About us Projects Join Us Events International Sites Bitcoin USA Bitcoin Brasil Bitcoin Slovenia Bitcoin Spain Bitcoin Serbia Bitcoin Japan Franchise Information Terms of services and Privacy policy © Cointelegraph 2013-2017