Decentralized investment banking group and digital asset consultancy Coinstreet Partners has announced that Samuel Reid will join the firm as group chief technology officer (CTO), while Pietro Doran will serve as a senior member of the advisory board.
“Coinstreet’s vision is to build a decentralized and fully integrated platform, based on DLT, for the next generation of investment banks,” Samson Lee, Coinstreet’s founder and CEO, said. “We are very excited for Samuel to come on board; his leadership skills and strong track record of successfully building large scale global distributed technology projects make him a great fit to lead the next phase of our technology transformation and advancement.”
Reid is the cofounder of DFINI, a tech consultancy and Coinstreet subsidiary offering services in the decentralized finance sector. As CTO, he will head Coinstreet’s infrastructure, business applications, security, product engineering, and architecture. His focus will be on Coinstreet’s transformation into an engineering organization that uses distributed ledger technology, as well as implements agile software project practices.
Reid is also a member of the Signature Technology Consultation Committee of the Canadian Space Agency. He formerly worked as chief blockchain engineer of the Gibraltar Blockchain Exchange, as well as the head of space of the Iota Foundation.
“Coinstreet is at a critical point in its technological evolution and it is my great pleasure to facilitate its continuing success into the future,” Reid said. “I’m excited about the opportunity to ensure Coinstreet is able to realize its vision and deliver core values to its business partners and clients.”
Doran, meanwhile, brings to Coinstreet crucial real estate skills. As such, his role as senior advisor will focus on the sector, opening the doors for the firm into the global real estate market – currently valued at nearly $230 trillion – and, more specifically, tokenization businesses within it – which are expected to be hot commodities. A survey by the World Economic Forum, for example, showed that approximately 10% of global GDP will be tokenized and stored on blockchain by 2027.
“Real estate tokenization is a great use case for STOs The key to success is a true convergence between traditional domain expertise from the real estate industry, with best practices in tokenization and blockchain technology,” Lee said. “We believe our collaboration with Mr. Doran will result in a big leap with such a convergence.”
Doran concurrently works as CEO of Hancom Dreamtec and managing partner of First Rock Associates Asia. He formerly served as a senior investment advisor at Morgan Stanley Real Estate Fund, as well as president of Morgan Stanley Properties Korea. He holds a master’s degree from the Massachusetts Institute of Technology.
“The real estate industry over the past 20 years has become a vastly more complex and institutionally dominated global investment arena. This is the next logical step in the convergence of technology and real estate. The adoption of STOs within the real estate industry is an evolutionary transition rather than a disruptive event,” Doran said. “Coinstreet is fast establishing itself as not just a pioneer in this new field, but a market leader. I am very proud and honored to be a part of that vision.”