Barbadian tech visionary and former diplomat Gabriel Abed has landed a key management function in a landmark $1 billion cryptocurrency funding initiative, in line with Bloomberg.
Gabriel Abed, who presently serves as Chairman of the Board at Binance—the world’s largest cryptocurrency trade—has been named Vice Chairman of a brand new digital asset enterprise backed by a heavyweight crew of worldwide enterprise leaders, together with former U.S. Commerce Secretary Wilbur Ross.
The funding automobile, a special-purpose acquisition firm (SPAC) referred to as M3-Brigade Acquisition V Corp., is searching for to lift $1 billion to construct a diversified portfolio of main cryptocurrencies equivalent to Bitcoin, Ether, and Solana. The transfer marks a big shift from the everyday single-token focus seen in different crypto methods and displays a broader imaginative and prescient for institutional participation within the evolving digital asset panorama.
Abed’s appointment underscores his rising worldwide clout within the blockchain and fintech arenas. A trailblazer within the Caribbean tech house, Abed is widely known for his early advocacy of central financial institution digital currencies and his function in positioning Barbados on the forefront of digital finance. He additionally served as Barbados’ first Ambassador to the United Arab Emirates from 2021 to 2024.
The newly introduced SPAC is being spearheaded by Reeve Collins, co-founder of stablecoin issuer Tether Holdings SA, and a former Blackstone dealmaker. Jaime Leverton, the previous CEO of Canadian crypto mining agency Hut 8, will lead the corporate as CEO. The mission is being suggested by Cantor Fitzgerald LP, with ultimate particulars of the enterprise—together with its official title—nonetheless below wraps as fundraising continues.
This daring multi-token method distinguishes the initiative from Bitcoin-only methods like these championed by Michael Saylor’s MicroStrategy or Japan’s Metaplanet. It additionally comes on the heels of a controversial government order signed in March by U.S. President Donald Trump, calling for the creation of a nationwide Bitcoin reserve alongside a separate digital asset fund.
Gabriel Abed’s journey—from Queen’s Faculty in Barbados to Ontario Tech College and later into the higher echelons of worldwide tech diplomacy—continues to mirror the rising affect of Caribbean innovation on the planet of digital finance. His newest function might additional cement his place as a central determine in shaping the way forward for crypto funding at a world scale.
