Management Team

Manuel Stotz joined the Board of Directors as Executive Chairman in August 2025. Mr. Stotz is Founder of Kingsway Capital LLP, an investment fund, having also served as Chief Executive Officer and Portfolio Manager since 2013. Mr. Stotz also recently served as President and Director of the TON Foundation from January 2025 to August 2025. He also serves or has served on the Boards of Directors of a number of private companies, including as Chairperson of Bitcoin mining company Genesis Digital Assets and director of digital asset lender Ledn. He served as director of Tio Tech A, a special purpose acquisition company, from April 2021. Prior to founding Kingsway Capital, [Mr. Stotz was a Director at Al-Eqbal Co., an Analyst at AKO Capital LLP, and a Fund Manager at Taube Hodson Stonex Partners LLP from 2011 to 2015], after starting his investment career in 2008 at Goldmans Sachs Investment Partners. Mr. Stotz holds an undergraduate degree from the London School of Economics & Political Science in 2008.

Veronika Kapustina was appointed Chief Executive Officer in August 2025. Ms. Kapustina is the Founder and Advisor to Houghton Street Ventures LLP, an early-stage investment firm launched in partnership with the London School of Economics & Political Science, where she led the firm’s creation, team recruitment, and initial fund launch in September 2019. She also served as an Advisor to the TON Foundation from January to July 2025, providing strategic guidance on organizational restructuring, operational efficiency, and ecosystem stakeholder management. Previously, Ms. Kapustina was a Technology Investment Banker at Morgan Stanley from 2010 to 2017 in both the United Kingdom and the United States, where she executed over 40 transactions totaling $37 billion in value, including high-profile equity and debt raises and M&A transactions for leading technology companies. She has held directorships at several private companies, including VK Strategies Ltd and Reframe Venture Ltd, and served as a board member of ClearAccessIP LLC. 

Sarah Olsen was appointed Chief Financial Officer and Chief Operating Officer in August 2025. Ms. Olsen most recently served as Co-founder and Managing Partner of Europa Digital Assets Limited, where she led the firm’s alternative investment strategies focused on market-neutral, relative value, and derivative strategies across global cryptocurrency markets from 2022 to 2025. Prior to this, Ms. Olsen was the Global Head of Corporate Development for Onyx by J.P. Morgan, J.P. Morgan’s digital asset group, from 2020 to 2022, where she was responsible for strategic investments, partnerships, and product development in the blockchain and Web3 sectors. She has served as a director for several entities, including Europa Digital Assets Limited, Europa Opportunistic Master Fund, and Europa Opportunistic Offshore Fund. Earlier in her career, Ms. Olsen spent time in corporate and business development with digital asset exchange and custodian Gemini and marketing with asset management firm Apollo.