📰 @CelsiusNetwork successor #NewCo will be seeded with up to $450M with plans for a Nasdaq listing.

NewCo will be managed by the investment consortium #Fahrenheit, which has also committed to invest up to $50M as an equity stake in the new business.

👉https://www.theblock.co/post/254063/celsius-successor-seeded-450-million-in-crypto-if-restart-plan-approved

Former CEO of #Algorand , Steve Kokinos, is reaching new heights in the world of cryptocurrencies. His recent inclusion on the board of directors and potential appointment as CEO of the newly formed consortium "NewCo" speaks to his influence and experience in this industry.

The creation of " #NewCo " represents an intriguing development in the cryptocurrency world, especially with the involvement of influential figures such as Michael Arrington and representatives from major companies like #WeWork, Credit Suisse, #UBS, and Lehman Brothers. This reflects the growing interest of traditional financial institutions in cryptocurrencies and blockchain technology.

Given Steve Kokinos's expertise and knowledge, his potential appointment as the CEO of the "NewCo" consortium could lead to interesting developments in the crypto sphere. #Celsius