Asset management firm GoldenTree said Tuesday that it has hired Avi Felman, who most recently served as BlockTower Capital's co-portfolio manager, to be its new head of digital assets trading.
"Mr. Felman will also be a General Partner of GoldenChain, a wholly owned subsidiary of GoldenTree which will manage the funds launched by GoldenTree that will focus on digital assets," GoldenTree said in a press statement.
Before BlockTower, Felman held roles at Wave Financial, CryptoAM and Ledger Capital, per his LinkedIn profile.
GoldenTree, which has nearly $47 billion in assets under management, has participated in several crypto funding rounds in recent months, including a $12.5 million round for staking firm Stader Labs and infrastructure company Qredo's $80 million round.
"GoldenTree's Partners have been personally investing in digital assets for years, and as the marketplace has expanded and matured, believe there is an attractive and increasing opportunity set that can be captured in GoldenTree's opportunistic strategies," GoldenTree said in its Tuesday statement.