Blackstone Brings Aboard Crypto Executive

By David G. Barry


Institutional investors have been told by consultants that if they’ve invested in venture capital funds, then they most likely have some exposure to cryptocurrencies.

Before long, investors may hear that if they are invested in private equity funds, they too have exposure to crypto.

Blackstone, often an early mover, has appointed Adam White, a former executive in the crypto and blockchain technology space, as a senior advisor. In that role, White will advise the $941 billion investment firm – with an emphasis on its growth equity investing platform, Blackstone Growth.

White was the former president of publicly traded Bakkt, which operates a technology platform for the management of digital assets. He previously served as vice president and general manager of Coinbase, which operates a cryptocurrency exchange platform.

Blackstone said that it is focused on services and infrastructure supporting the digital asset ecosystem. In 2021, it backed Chainalysis, a provider of blockchain data and compliance software.

In a statement, Blackstone Growth Managing Director Vishal Amin said that White “will help us think critically about the broader ecosystem for digital assets, including the potential areas of disruption as blockchain technology is applied to new sectors. Few people better understand both the challenges and opportunities related to the industry.”