NAX Launches as First Platform to Create Corporate Asset-Backed Products, Ventures and Securities

NAX Launches as First Platform to Create Corporate Asset-Backed Products, Ventures and Securities

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NAX CEO and founder Jeff Schumacher, previously founded and scaled BCG Digital Ventures, with the company becoming one of the largest foundries in the world, creating more than 100 businesses and growing to over 1,000 employees in less than six years. He also founded Axon Advisory Partners, before selling it to Booz & Co., creating Booz Digital, which was then acquired by PwC. Schumacher was previously a Partner at McKinsey, and also EVP, CMO and CSO at Sports Authority, a Leonard Green Partners portfolio company.

Jeff Schumacher, CEO and Founder, NAXsaid: “We are building upon a decade of learnings from working with the world’s leading financial exchanges and institutions. With NAX, we are bringing financial innovation across sectors to create value in markets that otherwise would not exist.”

Since its inception, NAX has attracted several high-profile business figures to its Board, including Frank Strauß, former Global CEO of Private and Commercial Banking at Deutsche Bank, and Heiner Leisten, Leisten & Cie. Family Office CEO and previously Senior Partner at BCG, among others.

Frank Strauß, Independent Board Member, NAXsaid: “In today’s world, financial innovation is the bedrock upon which successful ventures are created. Jeff’s vision for NAX is what attracted me to supporting the company in applying financial innovation to corporate assets and ultimately unlocking significant value from those assets.”

Francisco Arcilla, Partner, TNF Investments, which led the latest NAX fundraising round,said: “As an international investment firm that prides itself on being a catalyst for innovation and industry disruption, we were instantly captivated by NAX and its disruptive approach to asset creation and value generation. We were very excited to lead the latest round of funding for NAX, and we are equally enthusiastic about the prospect of the many ventures and further investment opportunities that NAX will create.“

NAX operates from its headquarters in Manhattan Beach, CA for North America and Paris, France for Europe, with further locations in Palo Alto, New York, London, and Frankfurt. In 2021, it will be expanding to Singapore, Tokyo and Sydney.

About NAX

NAX is a platform to create asset-backed products, ventures and securities for the world’s leading institutions. We co-lead the commercialization of these initiatives with our partners.

For more information, visit http://www.naxgrp.com/

View source version on businesswire.com:https://www.businesswire.com/news/home/20210113005031/en/

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