Renee Berman Brings Wall Street Expertise to Sui Foundation
The Sui Foundation has announced the appointment of Renee Berman, an institutional finance leader, as a key Strategic Advisor. This move is intended to bolster the platform’s advisory board with her extensive expertise in capital markets, fintech innovation, and blockchain adoption. With decades of experience, Berman is expected to transform the Sui ecosystem and the blockchain industry as a whole.
Renee Berman to Reshape Sui Foundation’s Advisory Board
The Sui Foundation has revealed the appointment of Renee Berman as a Strategic Advisor via an official X post. She has vast experience across multiple spheres, including Wall Street giants. The platform noted, “Renée Berman is joining the Sui Foundation as a Strategic Advisor – bringing experience from DTCC, Broadridge, Goldman Sachs & JPMorgan.”
This expertise is set to bring massive changes to the ecosystem as the industry shifts toward tokenised financial infrastructure- a movement Sui is spearheading. The Sui Foundation identifies this as a “big step forward for finance on Sui.”
Christian Thompson, Managing Director of Sui Foundation, acknowledges that Renee’s extensive experience in driving blockchain adoption within key institutions, coupled with her expertise in market structure, technology, and regulation, makes her a valuable asset to the organization at this critical juncture. He stated,
“Renée brings unmatched insight from her experience driving blockchain adoption inside some of the most important, complex, and risk-sensitive institutions in the world. Renée’s experience spans market structure, technology, and regulation, which is critical for the industry at this inflection point. We’re excited to work with her as Sui expands into the next phase of institutional blockchain adoption.”
It is noteworthy that this development comes on the heels ofSui’s partnership with Babylon for Bitcoin-backed DeFi.
Unveiling the Strategic Advisor’s Years of Experience
Significantly, boasts a proven track record of experience across capital markets and the blockchain industry. Most recently, Berman led strategic initiatives in the digital asset securities control framework that has become an industry benchmark. She further expanded this work with GBBC and Oliver Wymann, creating a comprehensive risk framework for issuing securities on public blockchains.
Before DTCC, Berman headed strategy for Broadridge’s Capital Markets division, driving growth and innovation. Her experience also includes roles at Credit Suisse, Goldman Sachs, HSBC, and JPMorgan. Berman currently advises several organizations on risk, regulation, and blockchain implementation in capital markets.
Expressing her excitement in this major development, Berman stated,
“Sui offers the performance and design that the world’s largest financial institutions require to fully onboard into digital assets. The opportunity to help shape products and infrastructure that bridge traditional finance with onchain innovation is compelling, and I’m thrilled to support Sui’s growth and help accelerate institutional adoption of blockchain technology.”
SUI Price Plummets Despite This Development
The SUI token has been experiencing a major downtrend over the past few weeks. Despite some fluctuations, the cryptocurrency has been trading in the red zone over the past year.
Currently, the cryptocurrency price is experiencing significant losses, despite Berman’s appointment in the blockchain platform. As of press time, SUI is trading at $1.60, down by 3.56% in a day. Over the past week and month, the altcoin has exhibited a more severe downturn, with the prices slipping by 2-% and 39%, respectively.
This negative trend is also reflected in the traders’ sentiment as the 24-hour volume is now at $652 million, marking a plummet of 43%. This indicates the waning investor confidence in the token.
