First Growth Funds has hired an early Twitter investor to advise on crypto and digital assets
Link copied to
Investment company First Growth Funds has tapped Jeff Pulver, an early-stage seed investor in Twitter, to join its advisory board.
First Growth Funds (ASX:FGF), which invests primarily in blockchain and cryptocurrency assets alongside traditional investments, says the appointment will drive its desire to create a “fully regulated boutique investment bank” to advise investors in the crypto and digital assets markets.
A serial internet entrepreneur, Mr Pulver is a founder of the Blockchain Token Association, early Twitter investor and “been called a Voice over Internet Protocol (VoIP) pioneer”, First Growth Funds says.
It comes as the company’s shares hit an all-time low of 0.6c. Shares were flat on the news.
“We have a clear first mover advantage and want to position ourselves as a market leader in the institutional and regulated crypto and digital asset market,” FGF chairman said.
“As this industry goes mainstream, particularly for institutional investors, we want to be their first choice for investments, advisory and trading.”
It has also appointed James Haft, a long-time investment banker across Asia and America, to its advisory board.
The company moved to address shareholder concerns regarding its outlook, saying it was looking for a “high-profile CEO with investment banking experience” and considering spinning out its First Growth Advisory business in an IPO.