Nader Al-Naji

Details

Nader Al-Naji is the Founder and CEO of BASIS. He has raised over $133M from top investors such as Bain Capital Ventures, Google Ventures, Andreessen Horowitz, Lightspeed, Stan Druckenmiller, Kevin Warsh, Foundation, and Wing. He has built a team of 14 people with backgrounds from Goldman Sachs, Google, Bridgewater, Bain Capital, McKinsey, Harvard Law, D. E. Shaw, Tower Research, Hudson River Trading, and top-tier universities. He has led the development of a fully-functional system built on the Ethereum blockchain, which has been validated via two separate third-party audits. Nader has also developed relationships with journalists and acted as a spokesperson for the company, appearing on Fortune, CNBC, BusinessInsider, WSJ, FT, Bloomberg, Forbes, TechCrunch, and many others. He has spoken at conferences, including a talk at the IMF. He has worked with multiple law firms including Sullivan and Cromwell, Wilmerhale, WSGR, MWE, Paul Hastings, and Sidley to push regulatory compliance initiatives and design the system to fit within existing regulatory frameworks. After a deep analysis of the regulatory landscape, taking into consideration a tightening of securities regulation in particular, they decided to shut down and return capital to investors. A full story is available on basis.io. Nader coordinated an acquihire of the company, setting up a competitive process to give all of their staff a soft landing.

Education Experience

Investments

Name
Round
Valuation
Amount
Date
Pre-Seed -- $ 2 M
Feb 16, 2023
-- -- $ 10 M
Nov 08, 2022
-- -- $ 3.5 M
Oct 13, 2021
  • 1
Total 3 Page

Relevance Person

Lawrence Diao

Lawrence Diao is General Partner at Dragonfly Capital. Formerly Co-Founder of Basis Protocol, quant/engineer at Google, Radix Trading, and DE Shaw.

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Max Branzburg

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Patrick McGregor

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Daniel Alegre

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Brendan Chou

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Arran Schlosberg

Arran Schlosberg was the VP of Engineering at Proof Holdings. Presively, he worked at HealthMatch and Google. Arran Schlosberg graduated from University of Sydney and University of Cambridge.