"Venture Capitalist Joins Blockchain Firm's Board, Eyeing Crypto Boom"

Silicon Valley venture capitalist Will Stewart has joined the board of directors at U.S.-based blockchain company DevvDigital Inc., operator of DevvExchange. Stewart, known for his extensive experience in the tech industry and digital marketplaces, will lead the company's capital strategy and corporate plans, while also playing a key role in growing the DevvExchange platform.

DevvExchange is described as the first non-custodial, instant settlement digital exchange built on the L1 DevvX blockchain, with institutional partners from the global finance industry. Ray Quintana, CEO of DevvDigital, expects Stewart's proven track record across innovation and finance to be a "game-changer" for the company, driving global partnerships, funding opportunities, and the rapid adoption of the DevvDigital ecosystem.

Stewart's role will focus on fostering global strategic alliances, securing capital, and advancing the adoption of DevvExchange's transformative trading technology. He believes that the timing is ideal for DevvDigital and DevvExchange, given the growing public and institutional adoption of crypto products and the new federal administration's policy framework that positions digital assets as a legitimate component of the U.S. financial system.

According to a recent Bain & Co. report, private market assets are expected to grow at more than twice the rate of public assets, reaching up to $65 trillion by 2032. Asset managers are increasingly focused on alternative assets, and tokenization is revolutionizing the alternative asset market. Stewart aims to place DevvDigital and DevvExchange at the center of this revolution as a board member.

Tom Anderson, co-founder of DevvDigital and DevvExchange, highlighted the significance of Trump's recently signed executive order to strengthen "American Leadership in Digital Financial Technology." This shift in U.S. policy is expected to positively affect the growth and use of blockchain, digital asset, and related technologies, with DevvDigital and DevvExchange at the forefront of these fields.

The announcement comes as DevvDigital continues to introduce new product verticals and expand utility for token holders, demonstrating its commitment to innovation and value creation. As the company gears up for further developments in the DevvX and DevvE ecosystem, Stewart's expertise and leadership will be invaluable in guiding DevvDigital's growth and success.