Municipal market veteran Stephen Winterstein has been tapped to lead capital markets at Alphaledger, a growing muni blockchain firm.
Winterstein, who has 30 years of experience in a variety of leadership positions across the municipal industry, including portfolio management, credit and quantitative research, and strategy was most recently head of municipal fixed income at MarketAxess.
Winterstein started his new role on Tuesday and reports to Alphaledger Chief Executive Officer Manish Dutta.
Winterstein will lead the origination of municipal debt on the firm’s blockchain platform.
“As we continue to expand our business and our capabilities and engage the large institutions, Steve was somebody that came across our radar,” Dutta said. “With his knowledge and deep understanding of the muni market, it was the right fit. It’s a great new hire for us.”
Winterstein said he believes in the digitization of assets and blockchain, noting Alphaledger will play a huge part in the creation, storage and accessing of records in the municipal market.
“It’s fair to say that when you look around, there aren’t that many firms that are in the municipal market that are in digital assets,” he said. “Alphaledger is a leader right now, and my hope is that we maintain that position in the marketplace and grow.”
Alphaledger “provides a secure platform to create, store, and access records related to municipal loans and loan transactions,” he added. “Our vision is that Alphaledger will eventually help bring that same cutting-edge technology to the municipal market at large. After meeting co-founders [Dutta] and Tammie Arnold, and learning their vision, I am convinced that Alphaledger will be the leader in the transformation of public finance.”
With an emphasis on the municipal market, Alphaledger delivers a direct, transparent loan and bond marketplace that streamlines debt financing and enhances direct communication with…
