Milestone Month for Cryptocurrencies as Wilshire Forms Digital Asset Advisory Group
Posted on 12/18/2021
Wilshire Associates, Inc. is a large investment consulting firm, which also has an investment management business. In October 2020, CC Capital and Motive Partners acquired Wilshire Associates from Dennis Tito.
U.S. investment consultants are highly influential investment advisors for U.S. pension plans. Often these consultants act as gatekeepers.
Wilshire pulled the trigger and formed a Digital Asset Advisory Group, with Blythe Masters, founding partner at private equity firm Motive Partners, as chairwoman. The Advisory Group brings together digital asset practitioners in the world to capture their collective perspectives and insights. Blythe Masters serves as CEO of Motive Capital Corp and President of Motive Capital Corp II, the SPACs sponsored by Motive’s funds. She is the former CEO of Digital Asset. She was previously a senior executive at J.P. Morgan for 27 years. She was a member of the Corporate & Investment Bank Operating Committee and firmwide Executive Committee. Positions included Head of Global Commodities, Head of Corporate & Investment Bank Regulatory Affairs, CFO of the Investment Bank, Head of Global Credit Portfolio and Credit Policy and Strategy and Head of Structured Credit.
Digital Asset Research (DAR), a specialist provider of crypto data and research, sees at October 2021, that there are over 7,000 active digital assets in existence, moving far beyond cryptocurrencies.