Coinstreet Partners Appoints Samuel Reid as Group CTO & Pietro Doran as Senior Member of Advisory Board
CEO Insights team, Press Release
As group CTO of Coinstreet, Samuel will be responsible for all aspects of the global technology organization, including infrastructure, business applications, security, product engineering and architecture. He is also the co-founder and CEO of DFINI, a subsidiary of Coinstreet that specializes in providing technology solutions in the decentralized finance (DeFi) sector.
Talking about the vision Samson Lee, Founder, CEO, Coinstreet says, “Coinstreet's vision is to build a decentralized and fully integrated platform, based on DLT, for the next generation of investment banks." "We are very excited for Samuel to come on board; his leadership skills and strong track record of successfully building large scale global distributed technology projects make him a great fit to lead the next phase of our technology transformation and advancement.”
On being appointed, Samuel says, “Coinstreet is at a critical point in its technological evolution and it is my great pleasure to facilitate its continuing success into the future." "I'm excited about the opportunity to ensure Coinstreet is able to realize its vision and deliver core values to its business partners and clients.”
“Coinstreet's vision is to build a decentralized and fully integrated platform, based on DLT, for the next generation of investment banks."
Coinstreet also appointed Pietro Doran as Senior Advisor with a special focus on the real estate sector. This collaboration will expedite Coinstreet's strategy of tapping into the real estate tokenization business.
“Real estate tokenization is a great use case for STOs. The key to success is a true convergence between traditional domain expertise from the real estate industry, with best practices in tokenization and blockchain technology,” says Samson Lee. He adds, “We believe our collaboration with Mr. Doran will result in a big leap with such a convergence.” Further adding to that Pietro says, “The real estate industry over the past 20 years has become a vastly more complex and institutionally dominated global investment arena. This is the next logical step in the convergence of technology and real estate. The adoption of STOs within the real estate industry is an evolutionary transition rather than a disruptive event.” “Coinstreet is fast establishing itself as not just a pioneer in this new field, but a market leader. I am very proud and honored to be a part of that vision,” Pietro adds.
According to a survey by the World Economic Forum, around 10 percent of global GDP will be tokenized and stored on the blockchain by 2027. Coinstreet serves clients with tokenization needs from the real estate, financial services, technology, biotech, healthcare, telecommunications, energy, manufacturing, hotel, hospitality, lifestyle, gaming, media and entertainment sectors. Coinstreet expects significant growth in the number of high-quality STO projects and the number of accredited investors, as adoption of this new corporate financing method gains popularity globally.