Kadena, a leading institution-focused blockchain, is making a strong comeback after a recent slump. Chief Business Officer Annelise Osborne emphasized the company's commitment to growth and innovation as it recently expanded its team to regain momentum.
In a recent interview with The Block, Osborne shared, "What I've heard is we've got a great reputation, but people were surprised we're still around." The company recently appointed Alana Ackerman, the former DCG executive and Thiel Foundation CEO, as its chief advisor.
Osborne, who previously worked at Arca Labs, was brought on before the summer to reform and operationalize Kadena. She has initiated the establishment of an innovation lab focused on asset tokenization, and has been actively hiring experienced professionals from tech and Wall Street.
Osborne is determined to leverage Kadena's strong technology to create a thriving business ecosystem. She stated, "We have great tech, which doesn't always win. The hardest part, I feel, is already done." Currently, Kadena is in talks with major asset managers to launch a diverse range of institutional tokenized products.
With a market cap of $150 million and previous funding of over $15 million, Kadena aims to continue its growth without the need for immediate capital raises. Osborne concluded, "We’re still here, we’re still building." This commitment showcases Kadena's resilience in the competitive blockchain landscape.
Disclaimer: The Block is an independent media outlet delivering news and data about the crypto industry. As of November 2023, Foresight Ventures is a majority investor in The Block.
