Gate News message, April 21 — Securitize announced the appointment of Sunil Sabharwal, an investor and advisor to Blackstone, to its board of directors. Sabharwal previously served as the U.S. representative to the International Monetary Fund (IMF) from 2016 to 2018, a position confirmed by the U.S. Senate, and received the U.S. Department of the Treasury Distinguished Service Award for his tenure.
Sabharwal currently serves as a board member at Thunes and TookiTaki. He previously held chairman positions at payment companies Earthport and Ogone, which were acquired by Visa and Ingenico respectively. Since 2021, he has served as an advisor and operating partner at Blackstone Growth Equity Fund.
Securitize manages over $4 billion in on-chain assets, including BlackRock’s BUIDL fund and tokenized products from institutions such as Apollo, BNY, Hamilton Lane, KKR, and VanEck. The company agreed to a merger with a Cantor Fitzgerald subsidiary last October, valuing Securitize at $1 billion. The combined entity is expected to list on Nasdaq under the ticker CEPT.
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