The Association for Digital Markets (ADAM) announces the appointment of Jeffrey Blockinger, former chief legal officer of Och-Ziff Capital Management (now Sculptor Capital), as the group’s first CEO.
ADAM was initially created in late 2018 by a group of financial services and technology firms leading developments in the digital asset and blockchain space, to develop a Code of Conduct for the sector, and published these guidelines a year later. ADAM continues to work with financial firms, entrepreneurs and regulators to develop the standards, best practices and infrastructure that facilitate safe, secure and efficient digital asset markets.
“The digital asset industry has reached an historic inflection point as cryptocurrencies, digital securities and other digital innovations transform the financial markets,” says Blockinger. “ADAM plays a leading role in paving the way for continued growth and acceptance by traditional financial market participants. I look forward to expanding our leadership role in shaping the future of the digital assets markets by building consensus for the entire industry.”
In his role at Och-Ziff, Blockinger built out a global legal and compliance department and developed its internal controls for financial and regulatory reporting and corporate governance ahead of its initial public offering in 2007, one of the first in the alternative investment fund industry.
Prior to Och-Ziff, Blockinger structured and advised investment advisors, broker-dealers, hedge funds, private equity funds, mutual funds and business development companies at Schulte Roth & Zabel LLP, Crowell & Moring LLP and Morgan, Lewis & Bockius LLP.
“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,” says Richard Rosenblum, co-founder and head of markets at GSR, an ADAM founding member. “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.”
“Jeff brings a wealth of experience in guiding sophisticated financial innovators through complex regulatory environments,” adds Mark Schonfeld, former director of the SEC’s New York regional office, and now a partner at Gibson, Dunn & Crutcher LLP. “His keen judgment and insight, combined with relationships across the financial sector, will position ADAM to take the digital asset industry to the next level in creating a robust marketplace.”
ADAM’s members include: Anchorage, BitGo, BitOoda, BlockF, BTIG, CMT Digital, Cumberland, Galaxy Digital, Genesis Global Trading, GSR, Hudson River Trading, Paxos, Symbiont, Tagomi, and XBTO.