New York-based investment banking giant Moelis & Co. has launched a Global Blockchain Group that will provide advisory services to blockchain and crypto firms.
The group is being fronted by Moelis & Co. co-founder John Momtazee and supported by a team of senior bankers that have significant experience in advising blockchain companies, according to the firm.
Momtazee, based in Los Angeles, is also the global head of media investment banking for the company and was previously the managing director in the global media group for UBS Investment Bank.
Momtazee noted in a Monday announcement that Moelis & Co. is unfazed by the strong downturn and volatility of the crypto market this year, as the firm sees “strong long-term prospects” in the application of blockchain tech in the global commercial landscape.
During an interview with Bloomberg on Monday, he suggested that entering blockchain and crypto during a bear market was the perfect time to start advising firms.
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