Blockchain Technology Partners (BTP) announced this Wednesday that it has appointed Paul Forrest as its inaugural non-executive chairman, as the enterprise blockchain company tries to capitalize on its initial momentum.
Forrest joins the blockchain startup with more than twenty-five years of experience as a strategy consultant, having advised governments and numerous FSTE 100 and Global 500 businesses. According to the statement, Forrest has worked with companies such as Ford Motor Company, Wal-Mart, Virgin Galactic, and AkzoNobel.
Commenting on the appointment, Duncan Johnston-Watt, CEO & Co-founder of BTP, said in the statement: “Paul understands the potential for growth in enterprise blockchain adoption, having been involved in this space for several years and at the cutting edge of successive waves of innovative enterprise technologies throughout his career. We are delighted Paul has decided to take up this role and help us scale the business and lay the groundwork for future investment.”
The appointment of Forrest follows on from the Edinburgh-based startup completing its latest funding round, which was led by Aberdeen Asset Management veterans Martin Gilbert and Andrew Laing.
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Paul Forrest invested in BTP
Following its latest cash injection, BTP is gearing up for growth. Forrest also participated in the angel funding round. Laing is now an active early-stage investor, and Gilbert joined the rapidly expanding fintech Revolut as group chairman in January 2020.
“I am excited to be joining BTP at a pivotal point in their journey. Their management team has demonstrated an ability to develop a scalable product and close early enterprise deals,” added Forrest in the statement.
“Given the present circumstances I was particularly impressed by their ability to secure a contract with the Tel Aviv Stock Exchange to deliver their innovative blockchain-based securities lending platform.”
“BTP has an exceptional opportunity which is why we invested in the company in the first place,” continued Gilbert. “We are pleased to see that BTP has strengthened its corporate governance with the appointment of Paul Forrest. Paul’s experience complements a leadership team that has the vision and expertise to deliver their clear value proposition.”