Sei Development Foundation Appoints Securitize Co-Founder as Strategic Advisor
The Sei Development Foundation, the nonprofit organization behind the development of the Sei blockchain, has announced the appointment of seasoned fintech entrepreneur and Securitize platform co-founder Jamie Finn as a strategic advisor.
The appointment of Jamie Finn is seen as a strategic move in the effort to accelerate the expansion of the Sei ecosystem, particularly in the area of tokenized real world assets (RWA). According to Justin Barlow, CEO of the Foundation, Finn brings "a rare combination of institutional credibility, deep technical expertise, and experience building real world asset platforms in the financial sector."
Focusing on Real Assets (RWA) on the Sei Network
In his new role, Jamie Finn will lead and provide strategic advice to Sei on expanding the use of RWA, an area that is attracting strong interest from both traditional and DeFi markets. He will also be involved in identifying and developing strategic partnerships, expanding the practical application of the Sei blockchain in the traditional financial world.
Specifying about his new role, Finn said:
“Sei’s strong performance and developer-centric approach create an ideal platform for institutional, scalable, and regulatory-compliant RWA strategies. I look forward to working with Sei to build the infrastructure needed to connect capital, increase market access, and drive mass adoption of tokenized assets.”
Sei Giga – a major technological step
Notably, the news of Jamie Finn’s appointment comes just a day after the launch of Sei Giga, a major technological update from the Sei Labs team. On May 19, the team released the Sei Giga white paper, marking Sei as the first Layer 1 blockchain to integrate the multi-proposal Ethereum Virtual Machine (EVM).
The update is expected to increase network performance by more than 50 times, speed up processing, and improve user and developer experience. Since its mainnet launch in 2023, Sei has processed billions of dollars in transaction volume and is continuously expanding its application scope.
Market developments
At the time of writing, Sei’s native token is trading in the red, down slightly by 0.3% on the day and down more than 16% over the past week. However, with new technology and personnel updates, the community still expects long-term recovery and growth for Sei in the coming time.
