Kadena, a proof-of-work blockchain that says it can scale to power global financial systems by braiding together multiple Bitcoin-like chains, has appointed Alana Ackerson, a executive of Thiel Foundation, SoFi and Digital Currency Group, as strategic advisor, “marking a strategic push into asset management and institutional tokenization,” Ackerson previously served as CEO of HQ Digital, a wealth management subsidiary of DCG that catered to crypto millionaires, and she co-founded Figure, a crypto unicorn best known for its blockchain-powered home-equity lines of credit, according to the team. She also led the Thiel Foundation as CEO. According to a press release: “Ackerson’s appointment coincides with Kadena’s renewed focus on institutional tokenization and RWAs, where the firm is in talks with large asset managers to launch a wide range of institutional tokenized products. With her background in asset management, Ackerson is poised to lead Kadena’s efforts in building out this business. The firm has also recently hired 10 business development staff, signaling its intent to make a significant comeback in the blockchain space.”
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