As per the latest crypto news update, a leading blockchain technology company, AlphaPoint announced on September 18 that Dan Draper has been elected to its Board of Directors. Dan Draper is the Global Head of Exchange Traded Funds and the Managing Director at Invesco.
Draper has been functioning as the President of Invesco Capital Management LLC as well as the Global Head of Invesco’s ETF business. He has been the driving force behind the growth of Invesco’s ETF business since 2013. Invesco became the world’s fourth largest ETF issue with over $220B in assets under his able guidance.
Prior to this, Draper spent nearly two decades in Asia and Europe with leading investment banking, asset management and wealth management firms such as Barclays, UBS, Credit Suisse, Goldman Sachs and Salomon Brothers. He is a member of the Aspen Global Leaders Network and a Finance Leaders Fellow at the Aspen Institute.
Draper has been behind the success and growth of many well-known financial products such as Invesco QQQ, according to the latest crypto news update. Salil Donde, AlphaPoint CEO said that AlphaPoint is uniquely positioned to leverage both its technology and data to offer firms the ability to create new investment products. He added that they are quite excited to have Draper join the board and guide them in their rapid growth.
Recently, AlphaPoint announced its plans to launch AlphaPoint Indexes and AlphaPoint Smart Baskets. This will enable the crypto exchange operators to create additional investment products that are backed by groups of digital assets, as stated in the GlobeNewswire report.
Through the AlphaPoint Indexes, the company is creating the definitive source for benchmarking the performance of digital assets. Digital assets represent the statistical performance of the broadest sector of crypto markets. AlphaPoint mentioned that its initial indexes will represent the most liquid and the highest valued cryptocurrencies. It has plans to launch a family of indexes.
Further to the crypto news update pertaining to Draper, Salil Donde, AlphaPoint CEO added that they are excited to offer a rules-based index that’s transparent and which he believes will become the definitive benchmark in the industry, as stated in the AlphaPoint blog post.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]