Invesco Names J.P. Morgan Blockchain Expert to Lead $1.6 Billion Digital Assets Unit
Global asset manager Invesco, overseeing $1.8 trillion in assets, has appointed Kathleen Wrynn, a veteran from J.P. Morgan Chase’s blockchain unit, to head its digital assets division.
Asset manager Invesco has appointed JP Morgan Chase blockchain veteran Kathleen Wrynn to lead its significant digital assets portfolio, which includes approximately $1.6 billion worth of crypto ETFs and tokenized assets.
The appointment creates a new role, Global Head of Digital Assets at Invesco, encompassing oversight of various tokenized assets and cryptocurrency investments. Wrynn, a key figure in JP Morgan’s blockchain business development, will also be responsible for initiatives like tokenizing the firm’s funds and integrating cryptocurrencies into broader investment strategies.
Factsheet:
- Invesco manages $1.8 trillion in total assets.
- Recent digital assets ETFs and tokenized assets under management valued at around $1.6 billion.
Invesco’s move reflects the broader trend of growing institutional adoption of digital assets. Recent indicators include:
- A new Coinbase survey showing 60% of Fortune 500 companies have invested in or are working on blockchain projects.
- Chainalysis’ 2024 Geography of Cryptocurrency Report highlighting that roughly 70% of crypto transfers in North America involve amounts exceeding $1 million.
- Actions by nearly 120 public companies establishing Bitcoin treasuries, and others expressing interest in holding Ethereum, Solana, and XRP.
Context: Wrynn joins at a time of increased U.S. executive orders focused on crypto policies, which include protecting Bitcoin miners’ rights and exploring a strategic Bitcoin reserve for the Treasury.
