Cryptocurrency Investment Firm BlockTower Capital Relocates HQ to Miami
By Julia Echikson July 14, 2021 8:16 pm
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Yet another New York-based company is moving to the Magic City.
BlockTower Capital, an investment firm focused on cryptocurrency and blockchain technology, relocated its headquarters to Miami, the company announced.
All employees have relocated, and the company plans to hire new employees in Miami.
The company’s headquarters will be in Brickell, Miami Downtown Development Authority board member Philippe Houdard said in prepared remarks. But it remains unclear which building will house the company’s new base. Houdard could not be reached for comment, while representatives for the company did not respond.
Founded in 2017, BlockTower manages capital for billionaire Marc Lasry and Union Square Ventures, which invested in fintech juggernaut Stripe as well as Twitter.
The company attributed the move to the city’s welcoming regulatory environment and Miami Mayor Francis Suarez’s efforts. Suarez has lobbied to attract emerging startups and wealthy tech firms, and voiced his endorsement of financial regulations for cryptocurrency.
“We look forward to helping catalyze [the tech and finance] ecosystem,” Matthew Goetz, BlockTower CEO, said in prepared remarks.
The announcement comes as Miami vies to become the Silicon Valley of the South.
Silicon Valley heavyweights Founders Fund and Atomic signed leases at Related Group’s Wynwood Annex in March. In June, the city hosted the Bitcoin 2021 conference, one of the largest in-person gatherings since the pandemic hit, also in Wynwood. And industry giants, such as Microsoft and Apple, have been negotiating and touring in Miami, CO reported earlier this year.
Julia Echikson can be reached at jechikson@commercialobserver.com.
