R3’s Chief Sales Officer Joins Blockchain Startup AlphaPoint

Scott Grayson, the former chief sales officer at R3, has recently joined the blockchain firm AlphaPoint as a senior vice president for their institutional sales.

Grayson said that he would be working in sync with large institutions such as banks, brokerages, exchanges, and private equity firms which wish to tokenize their assets such as real estate, private equity, securities and loans on a global scale. Negotiations have been on the way, with a number of banks, real estate, and private equity firms. 

Grayson told CoinDesk thus- “AlphaPoint has presented me with the opportunity which I found to be extremely exciting. The firm has been making a difference by actually helping people make illiquid assets liquid and move the markets.

With regards to the differences between his old and new employers, Grayson said that the services offered by both R3 and AlphaPoint were really complementary and also added that he has envisioned many AlphaPoint clients to leverage R3’s technology. He stated thus- “My previous employer R3 is different in the sense that it is a platform, whereas AlphaPoint is an application provider, which will be used by many clients on top of R3’s Corda. I hope there will be opportunities in the future for the two companies to work in collaboration”, but no formal announcement has been provided as of now. 

An R3 spokesperson said that Grayson left their enterprise blockchain software company in the month of September.

Before joining R3 in 2017, Grayson had been working at software vendor Charles River Development as a senior supervisor of a sales team. Prior to this, he had been working in various sales roles at software vendors SAP in North America, Algorithmics and NumeriX. Before this, he had been working on equities and options trading and had worked at Bankers Trust Company (which is currently a part of Deutsche Bank) and Bank of America.

AlphaPoint is based in New-York and it has attracted a number of executives from traditional finance companies.

In 2017, Salil Donde, who previously worked as an executive vice president in Nasdaq’s Global Information Services, joined the startup as a CEO. Kapil Rathi, who was a former head of equity options at Cboe, joined the team as the global head of trading markets in November 2018. Scott Scalf, who was formerly the director of trade lifecycle systems at Deutsche Bank Global Technology, joined AlphaPoint as the executive vice president of development in November 2016, but he left the position in January 2018, after which he joined Strategic Software Systems.

This summer, AlphaPoint proudly completed a whopping $15 million venture funding round that was being led by Mike Novogratz’s Galaxy Digital and this helped them in launching an XRP-based cryptocurrency exchange which goes by the name DCEX.