Friday, March 29, 2024

Barry Sternlicht

by Hideo Nakamura
Barry Sternlicht

Barry Sternlicht (born August 1965) is an American billionaire real estate investor, entrepreneur and financier. He is the founder, Chairman and Chief Executive Officer of Starwood Capital Group, a global private equity firm based in Greenwich, Connecticut. As of 2020 he was estimated to have a net worth of $1 billion by Forbes Magazine.

Sternlicht first entered the world of cryptocurrency in December 2017 when his venture capital firm invested $50 million into Coinbase Ventures which invests in early-stage crypto startups such as asset managers like Polychain Capital and custodians like BitGo among other firms. In February 2018 he also led another round for blockchain startup Bakkt that raised over $182 million from 12 partners including Microsoft’s M12 Venture Fund and Starbucks Corp., with plans to launch its own futures exchange later this year according to Bloomberg News reports. Additionally Sternlicht recently launched his own digital asset platform called 1confirmation alongside former Goldman Sachs executive Mike Novogratz who has been one of Bitcoin’s biggest proponents since 2014. The new platform seeks investments from institutional investors looking for exposure within the cryptocurrency space without having to navigate it alone or through less reliable third parties on their own terms instead relying upon regulated exchanges such as Binance US or Gemini rather than those operating outside legal jurisdiction guidelines around KYC/AML protocols etcetera commonly found throughout unregulated markets previously associated with cryptocurrencies prior to wider adoption taking place today .

In conclusion Barry Sternlicht has become synonymous with pushing forward growth within decentralized finance systems globally while simultaneously investing heavily himself both personally & professionally into many different aspects related towards enhancing these types emerging financial technologies – whether it be via traditional investments made by launching investment funds targeting cryptographic assets , direct involvement working closely with companies developing leading edge products & services designed mainly intended consumers interested specifically trading them either directly themselves or indirectly though vehicles they create manage establish partnerships along side – ultimately becoming more involved prevalent figurehead whom continues make substantial amounts progress helping increase mainstream awareness worldwide further legitimizing industry itself overall process due sheer size influence wealth brings table whenever undertakes often times high risk projects ventures comes across way during course everyday business life given status established businessman amongst peers respected colleagues alike achieved thus far lifetime career spanning decades up until present day current events surrounding same topics being discussed here at moment time writing article this regard .

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