Capital Markets Veteran and Fintech Pioneer Kelley Millet Fo …
(MENAFN- ACN NewsWire) NEW YORK, July 15, 2022 – (ACN Newswire) – Prontoblock today announced the appointment of Kelley Millet as the company’s CFO and board member, effective July 15, 2022. Mr. Millet will be more than 20 years old experience in driving growth, and has a documented track record of building and scaling high-performance teams. He has served – as CEO and Global Head of Debt Capital Markets with JPMorgan, President and Board Member of Market Axess, and President of Millennium Advisors.
Mr. Millet’s extensive experience in the capital markets and fintech sector will accelerate Prontoblock’s traction as a bridge to DeFi that serves banks and other financial institutions across the tokenization of interest rate assets, commodities and collateral. He was a leader in the first wave of innovation in electronic trading in fixed income instruments, and took them from telephone to electronic and straight through processing. With today’s reprising and disruption in the stock, fixed income and cryptocurrency markets, Mr. Millet sees an even greater opportunity in migrating these markets – especially the $ 52 trillion fixed income market – to a Web3 infrastructure.
Mr. Millet’s experience will ensure that Prontoblock solutions accurately address, digitize and streamline existing trading activity in the fixed income markets. Prontoblock solutions effectively address the inefficiencies that persist when issuing and trading these securities.
Prontoblock’s vision is to serve both the institutional and retail sectors that participate in the financial markets. In addition to his experience in overseeing internal financial functions, Mr. Millet brings experience across both management and board levels to the role.
Currently, activated by Web3 infrastructure, the interest assets tokenized by Prontoblock’s platform facilitate greater market access through increased efficiency via the blockchain and fractional ownership – in the process, liquidity increases and capital costs decrease. The ticket size of such transactions and the associated costs of mediating them make them inaccessible to many potential investors. If it is tokenized as digital assets, either as utility symbols or NFTs, the fixed income market can be opened up to many more investors, and in the process deepen liquidity.
About Prontoblock
Prontoblock delivers innovative solutions to financial intermediaries, and ultimately ordinary people. Our products open up both traditional and digital asset markets and streamline investment instrument operations by using DeFi protocols. The Prontoblock platform tokenizes, hosts and maintains securities issued by clients. It operates a smart contract solution that fully automates due diligence, establishes reliable records of current stakeholders and compliance, and significantly improves efficiency by reducing administrative friction.
Media contact:
Alex Gault
415-830-6739
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