AlphaPoint, a provider of scalable blockchain infrastructure for asset digitization announced today that Dan Draper, a managing director at Invesco and Global Head of Exchange Traded Funds (ETFs), has been elected to its Board of Directors.
“Dan has been behind the growth and success of many well-known financial products, including Invesco QQQ, which tracks the Nasdaq 100 Index. AlphaPoint is uniquely positioned to leverage both our data and technology to offer firms the ability to create new investment products, and we are excited for Dan to join our board and help guide our rapid growth,” said Salil Donde, AlphaPoint CEO.
Draper is the Global Head of Invesco’s ETF business as well as the President of Invesco Capital Management LLC. Since 2013, he has driven the growth of Invesco’s ETF business to be the world’s fourth-largest ETF issuer with over $220B in assets under management. Previously, Draper spent nearly two decades in Europe and Asia with leading asset management, investment banking, and wealth management firms including Credit Suisse, Barclays, UBS, Goldman Sachs, and Salomon Brothers. He is a Finance Leaders Fellow at the Aspen Institute and a member of the Aspen Global Leaders Network.
Draper commented: “The development of financial products tied to digital assets and cryptocurrencies is already underway. AlphaPoint is a technology and data leader that can power the next generation of financial products for institutional and retail investors. I look forward to joining AlphaPoint’s board and bringing my decades of experience in ETFs, financial products, and global business development to help expand its business.”
Does Mr. Draper pave the way for AlphaPoint to offer cryptocurrency ETFs? Just last week, the company announced a new cryptocurrency index and ‘smart basket’ service.