Edinburgh-based startup Blockchain Technology Partners (BTP) has announced the appointment of its inaugural non-executive chairman following a successful funding round.
Paul Forrest will join BTP as chairman as the firm looks to build on the initial success of winning business in both the United States and Israel.
Forrest commands over 25 years’ experience as a strategy consultant and has worked with a range of global organisations including Ford Motor Company, Walmart and Virgin Galactic. He currently serves on the board of several early-stage businesses, including Glasgow-based MBN Solutions.
Commenting on the appointment, BTP co-founder and CEO, Duncan Johnston-Watt said: “Paul understands the potential for growth in enterprise blockchain adoption, having been involved in this space for several years and at the cutting edge of successive waves of innovative enterprise technologies throughout his career.
“We are delighted Paul has decided to take up this role and help us scale the business and lay the groundwork for future investment.”
Founded in 2018, Blockchain Technology Partners is the company behind the Sextant management platform. The management platform helps simplify the deployment and management of distributed ledgers ‘smart contract’ infrastructure for organisations.
In the past year, the firm has secured lucrative contracts with the Tel Aviv Stock Exchange and a partnership with Digital Asset.
Speaking on his appointment, Forrest commented: “I am excited to be joining BTP at a pivotal point in their journey. Their management team has demonstrated an ability to develop a scalable product and close early enterprise deals.
“Given the present circumstances, I was particularly impressed by their ability to secure a contract with the Tel Aviv Stock Exchange to deliver their innovative blockchain-based securities lending platform.”
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Forrest also participated in BTP’s latest angel funding round, led by Aberdeen Asset Management co-founder Martin Gilbert and former deputy Andrew Laing.
Laing now operates as an early-stage investor, while Gilbert joined Revolut as Group chairman in January of this year.
Gilbert said: “We are pleased to see that BTP has strengthened its corporate governance with the appointment of Paul Forrest. Paul’s experience complements a leadership team that has the vision and expertise to deliver their clear value proposition.”