Daniel Masters Joins SatoshiPay Board
New Non-Executive Director set to bridge traditional finance and blockchain.
Masters in Brief
SatoshiPay is pleased to announce that Daniel Masters is joining its board as non-executive director, working alongside the company’s co-founders and current directors Meinhard Benn and Alexander Wilke.
Daniel Masters’ career is packed with knowledge of the finance industry having held senior positions at JPMorgan and Salomon Brothers and, two decades ago, becoming the co-founder of the commodity trading group, Global Advisors.
After pivoting Global Advisors into digital assets in 2013, Masters has recorded a number of landmark transactions including launching the World’s first regulated bitcoin fund, GABI, in 2014, acquiring and aggressively scaling XBT Provider, an issuer of stock-exchange traded cryptocurrency tracking certificates, co-founding CoinShares — a global leader in digital asset management and launching CoinShares Fund I, the first ever fund structure denominated in Ethereum.
A Cut Above the Rest
At present, Masters is the Executive Chairman of CoinShares.
His extensive experience in blockchain-based financial projects, sitting on the board for over 13 companies, makes his profile a very valuable addition to SatoshiPay.
Masters’ deep, hands-on understanding of blockchain-based financial products combined with his many years working in global markets set him apart as not only a believer in blockchain as an enabler for the next generation of global payment solutions but also as someone with the technical know-how to become a trailblazer in this arena.
From the Beginning
Daniel Masters has been familiar with SatoshiPay as a blockchain company with a clear use case for quite some time. After following the project from afar for years, Masters chose to invest €566k in SatoshiPay in July 2018. At the time, SatoshiPay held a pre-money company valuation of €17m. In February 2019 during SatoshiPay’s most recent funding round, Masters invested an additional €227k to the project, increasing his investment into the company to €793k in total. His lead investment aided SatoshiPay to achieve an oversubscription and a €2 million total investment.
In their Words
Daniel Masters, Executive Chairman CoinShares says:
“SatoshiPay holds my personal record for the shortest time to reach a decision to invest. As a name I’ve followed for many years, the opportunity to meet Meinhard for the first time confirmed my assumptions. A hardcore use case long awaited by the crypto ecosystem, finally delivered, driven by a visionary developer with true leadership skills.”
Meinhard Benn, CEO SatoshiPay comments:
“We are incredibly lucky to have won the support of Danny, first as an investor and now as a SatoshiPay board member. Danny was one of the world’s first individuals from the pre-crypto finance sector to realise and actively develop the enormous potential of cryptocurrencies as an enabler for a new era of purely digital and decentralised finance. His extensive experience in this field will help us lift SatoshiPay to the next level by closely advising us on future strategy and execution.”
