Moelis & Co, the investment bank founded by billionaire Ken Moelis, has launched a division focusing on global deals involving cryptocurrency startups. He writes about Bloomberg.

John Momtazi, co-founder and chairman of the New York-based institution’s media investment banking, became its chairman. Lou Kerner, partner at CryptoOracle venture capital firm, has been appointed senior advisor.

Moelis & Co is betting that companies will continue to grow and close larger deals. According to Momtazi, that was the case in the period after the dot-com collapse.

“We love timing. Any breakthrough technology has its volatility. Size Mergers and acquisitions will be strongly associated with the expansion of market capitalization”, explained.

Moelis & Co currently represents Voyager Digital in bankruptcy proceedings. The company’s lawyers have rejected a new FTX offer aimed at crypto broker clients. The investment bank has previously worked with Ripple Labs and CipherTrace.

The company has invested in the industry through funds Blockchain Capital, Blockchain Coinvestors, and Pantera Capital, and Moelis has joined the Paxos funding round. According to Momtazi, direct investments in the future are not ignored.

Recall that back in July, venture capital firm Lightspeed Venture Partners formed the Lightspeed Faction team focused on the crypto industry.

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