This global asset management giant, managing $1.8 trillion in assets, welcomes Kathleen Wrynn, who will be responsible for managing crypto ETFs and other tokenized asset portfolios.
Invesco, a global asset management company (with $1.8 trillion in assets under management), announced the appointment of Kathleen Wrynn, a blockchain veteran from JPMorgan, to lead its digital asset business. The company's crypto ETF and tokenized asset portfolio amounts to $1.6 billion. This personnel change comes at a time when institutions are accelerating their acceptance of digital assets.
Invesco Group (managing $1.8 trillion in assets) has appointed Kathleen Wrynn, a veteran of JPMorgan's blockchain business, to head its multi-billion-dollar digital asset portfolio, highlighting the growing interest of financial institutions in cryptocurrencies.
Wrynn will serve as Invesco's Global Head of Digital Assets—a newly created position responsible for overseeing the management of various tokenized assets and cryptocurrency investments.
In a statement provided to Decrypt on Wednesday, an Invesco spokesperson said that Wrynn will also lead innovative projects such as asset tokenization funds and integrating cryptocurrencies into investment strategies. The statement indicates that Invesco currently manages $1.6 billion in digital asset ETFs, including three blockchain and crypto ecosystem ETFs and three global spot cryptocurrency ETFs.
Previously, Wrynn led JPMorgan's blockchain business and spearheaded product development related to the Web3 ecosystem. This appointment will help Invesco expand its digital asset business, at a time when institutional investors are actively exploring cryptocurrencies and their underlying technologies.
A recent Coinbase report shows that in a survey of 100 Fortune 500 companies, 60% reported investing in or developing blockchain-related projects. According to the Chainalysis "2024 Crypto Geography Report", approximately 70% of recent crypto transactions in North America involve transfers over $1 million, highlighting the strong interest of institutions in major markets like the United States.
Data from Bitcointreasuries.net shows that over 120 publicly listed companies (most previously unrelated to the crypto industry) have established Bitcoin reserves in the past year. Meanwhile, several listed companies have also expressed intentions to accumulate other digital assets such as Ethereum, Solana, and XRP.
As this trend emerges, U.S. President Trump is pushing for multiple crypto-friendly policies at the federal level, consecutively issuing executive orders to protect Bitcoin miners' rights and instructing the Treasury to establish a strategic Bitcoin reserve.
