In brief
- Invesco, a global asset manager with $1.8 trillion assets under management, has welcomed Kathleen Wrynn, a J.P. Morgan blockchain veteran to lead its digital assets business.
- The firm’s crypto ETFs and tokenized assets portfolio is worth $1.6 billion.
- Invesco’s hiring comes amid growing institutional adoption of digital assets.
Invesco, which manages $1.8 trillion in assets, has appointed JP Morgan Chase blockchain veteran Kathleen Wrynn to lead its more than billion dollar digital asset portfolio, a move underscoring financial institutions growing interest in cryptocurrencies.
Wrynn will serve as Invesco’s global head of digital assets—a newly created role that entails overseeing the management of various tokenized assets and cryptocurrency investments.
Wrynn will also be in charge of initiatives such as tokenizing the asset manager’s funds and integrating cryptocurrencies into its investment strategies, an Invesco representative said Wednesday in a statement shared with Decrypt.
Invesco holds $1.6 billion digital asset ETFs under management, including three Blockchain and Crypto Ecosystem ETFs and three Global Spot Cryptocurrency ETFs, according to the statement.
Wrynn previously oversaw JP Morgan’s blockchain business, supporting product development with the Web3 ecosystem.
The appointment, which will likely support the building out of Invesco’s digital assets initiatives, comes as a variety of institutional investors explore cryptocurrencies and the technology that undergirds them.
In a survey of 100 Fortune 500 companies, 60% reported investing in or working on blockchain-related projects, a new Coinbase report shows. Meanwhile, roughly 70% of crypto activity in North America recently consisted of transfers exceeding $1 million, underscoring strong institutional interest in cryptocurrencies in major markets such as the U.S., according to data provider Chainalysis’ 2024 Geography of Cryptocurrency Report.
In addition, more than 120 public companies—many of which have no prior connection to the crypto industry—have established Bitcoin treasuries over the past year, according to Bitcointreasuries.net. Similarly, several other publicly traded firms have signaled their intentions to stockpile other digital assets such as Ethereum, Solana and XRP.
Their embrace comes as U.S. President Donald Trump has pushed for several pro-crypto policies at the federal level, issuing spate of executive orders calling for the protection of Bitcoin miners’ rights and for the U.S. Treasury to create a strategic Bitcoin reserve.
Edited by James Rubin
Daily Debrief Newsletter
Start every day with the top news stories right now, plus original features, a podcast, videos and more.
