AirNet has named Vikram Seth as its new Chief Investment Officer to lead the company's expansion into Web3 and cryptocurrency
AirNet Technology (NASDAQ:ANTE) has appointed Vikram Seth as Fractional Chief Investment Officer to guide the company's strategic expansion into Web3 and cryptocurrency initiatives. Seth, the founder and CEO of V38, brings significant blockchain expertise from his previous role as Head of Web3 Innovation at Shell plc, where he led the development of enterprise blockchain solutions including Avelia and Falcon on Polygon.
In his new role, Seth will provide investment advisory services to AirNet's board and lead the company's digital asset treasury management, including investment, staking, and DeFi strategies. The appointment aligns with AirNet's strategic transformation toward Web3 technologies and cryptocurrency initiatives.
AirNet Technology (NASDAQ:ANTE) ha nominato Vikram Seth Chief Investment Officer frazionale per guidare l'espansione strategica dell'azienda nelle iniziative Web3 e nelle criptovalute. Seth, fondatore e CEO di V38, porta con sé una notevole esperienza in ambito blockchain dal suo precedente incarico come Head of Web3 Innovation presso Shell plc, dove ha diretto lo sviluppo di soluzioni blockchain enterprise tra cui Avelia e Falcon su Polygon.
Nel suo nuovo ruolo, Seth fornirà servizi di consulenza sugli investimenti al consiglio di amministrazione di AirNet e coordinerà la gestione della tesoreria di asset digitali dell'azienda, incluse strategie di investimento, staking e DeFi. La nomina è in linea con la trasformazione strategica di AirNet verso tecnologie Web3 e iniziative legate alle criptovalute.
AirNet Technology (NASDAQ:ANTE) ha nombrado a Vikram Seth Chief Investment Officer fraccional para dirigir la expansión estratégica de la compañía en iniciativas Web3 y criptomonedas. Seth, fundador y CEO de V38, aporta una amplia experiencia en blockchain por su anterior puesto como Head of Web3 Innovation en Shell plc, donde lideró el desarrollo de soluciones blockchain empresariales como Avelia y Falcon en Polygon.
En su nuevo cargo, Seth ofrecerá asesoramiento de inversión al consejo de administración de AirNet y liderará la gestión del tesoro de activos digitales de la compañía, incluyendo inversiones, staking y estrategias DeFi. El nombramiento se alinea con la transformación estratégica de AirNet hacia tecnologías Web3 e iniciativas relacionadas con las criptomonedas.
AirNet Technology (NASDAQ:ANTE)는 Vikram Seth를 프랙셔널 최고투자책임자로 임명해 회사의 Web3 및 암호화폐 관련 전략적 확장을 이끌도록 했습니다. Seth는 V38의 창업자이자 CEO로서, 이전에 Shell plc의 Web3 혁신 책임자(Head of Web3 Innovation)로 재직하며 Polygon 기반의 기업용 블록체인 솔루션 Avelia와 Falcon 개발을 주도하는 등 뛰어난 블록체인 전문성을 보유하고 있습니다.
새 직무에서 Seth는 AirNet 이사회에 투자 자문을 제공하고 투자, 스테이킹, DeFi 전략을 포함한 회사의 디지털 자산 트레저리 관리 업무를 총괄할 예정입니다. 이번 임명은 Web3 기술과 암호화폐 이니셔티브로의 AirNet 전략적 전환과 일치합니다.
AirNet Technology (NASDAQ:ANTE) a nommé Vikram Seth Chief Investment Officer fractionné pour piloter l'expansion stratégique de la société vers les initiatives Web3 et cryptomonnaies. Seth, fondateur et PDG de V38, apporte une solide expertise blockchain issue de son précédent poste de Head of Web3 Innovation chez Shell plc, où il a dirigé le développement de solutions blockchain d'entreprise telles qu'Avelia et Falcon sur Polygon.
Dans ses nouvelles fonctions, Seth fournira des conseils en investissement au conseil d'administration d'AirNet et pilotera la gestion de la trésorerie d'actifs numériques de la société, incluant les stratégies d'investissement, de staking et DeFi. Cette nomination s'inscrit dans la transformation stratégique d'AirNet vers les technologies Web3 et les initiatives liées aux cryptomonnaies.
AirNet Technology (NASDAQ:ANTE) hat Vikram Seth als teilzeitlichen Chief Investment Officer ernannt, um die strategische Expansion des Unternehmens in Web3- und Kryptowährungsinitiativen zu steuern. Seth, Gründer und CEO von V38, bringt umfangreiche Blockchain-Expertise aus seiner früheren Rolle als Head of Web3 Innovation bei Shell plc mit, wo er die Entwicklung von Enterprise-Blockchain-Lösungen wie Avelia und Falcon auf Polygon leitete.
In seiner neuen Funktion wird Seth dem Vorstand von AirNet Investmentberatung bieten und das Treasury-Management für digitale Assets leiten, einschließlich Investment-, Staking- und DeFi-Strategien. Die Ernennung steht im Einklang mit AirNets strategischer Transformation hin zu Web3-Technologien und Krypto-Initiativen.
- Appointment of experienced Web3 executive with proven track record in enterprise blockchain solutions
- Strategic expansion into growing Web3 and cryptocurrency markets
- Addition of expertise in digital asset treasury management and DeFi strategies
- Significant risks associated with cryptocurrency and Web3 investments
- Potential volatility and regulatory uncertainties in the crypto market
- Transformation costs and risks associated with entering new business segments
Insights
AirNet's appointment of Web3 expert Vikram Seth as CIO signals serious cryptocurrency pivot, potentially transforming its business model and investment strategy.
AirNet's appointment of Vikram Seth as Fractional Chief Investment Officer marks a strategic pivot toward Web3 and cryptocurrency initiatives. Seth brings valuable credentials from his role as Head of Web3 Innovation at Shell, where he successfully deployed enterprise blockchain solutions like Avelia and Falcon on the Polygon network. His background combines institutional finance experience with decentralized economy expertise—precisely the hybrid skillset needed for a traditional company transitioning into digital assets.
This executive appointment reveals AirNet's intention to develop a comprehensive crypto strategy including digital asset treasury management, investment allocation, staking operations, and DeFi participation. The fractional nature of Seth's role suggests a measured approach rather than an all-in commitment, potentially allowing AirNet to test cryptocurrency exposure while limiting risk.
CEO Dan Shao's statement about "navigating the next generation of the internet" indicates this isn't merely a speculative investment play but rather a fundamental business transformation. Seth's dual experience with both a major public company (Shell) and his own Web3 venture (V38) provides AirNet with perspective on both institutional integration and startup innovation approaches to blockchain adoption.
The appointment signals AirNet is seeking structured, professional management of digital asset exposure rather than opportunistic cryptocurrency speculation—suggesting a more sustainable approach to Web3 integration that could materialize in new business models beyond simple balance sheet exposure to cryptocurrencies.
Mr. Seth founded V38 in January 2024 and currently serves as CEO of V38, where he leads multidisciplinary research, strategic consulting, and early-stage investments with a focus on Web3 technologies, energy tokenization, and regenerative systems. Previously, he worked at Shell plc, a company listed on the London Stock Exchange (stock symbol: SHEL) from September 2011 to June 2025, culminating in the role of Head of Web3 Innovation from July 2023 to June 2025. While he acted as Head of Web3 Innovation at Shell, he spearheaded the development of enterprise-grade applications on public blockchains, successfully launching projects, such as the sustainable aviation fuel platform Avelia and supply-chain solution Falcon on Polygon, to advance regenerative, transparent and decentralized energy systems.
"Vikram's proven ability to deliver real-world blockchain solutions is a perfect fit for our vision," said Mrs. Dan Shao, Chief Executive Officer of AirNet. "His leadership will be crucial as we navigate the next generation of the internet."
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; the occurrence of any event, change or other circumstances that could give rise to the terms of the LOI not hereafter being memorialized in a definitive agreement; the outcome of any legal proceedings that have been, or will be, instituted against the Company or other parties to the LOI following announcement of the LOI and transactions contemplated therein; the inability to complete the transactions contemplated by the LOI due to the failure to meet certain closing conditions; risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the announcement of the LOI and consummation of the transaction described therein; costs related to the LOI; changes in applicable laws or regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by the Company. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the
View original content:https://www.prnewswire.com/news-releases/airnet-has-named-vikram-seth-as-its-new-chief-investment-officer-to-lead-the-companys-expansion-into-web3-and-cryptocurrency-302530124.html
SOURCE AirNet Technology Inc.
FAQ
Who is the new CIO of AirNet Technology (NASDAQ:ANTE)?
What will be Vikram Seth's role at AirNet Technology (NASDAQ:ANTE)?
What is AirNet Technology's (NASDAQ:ANTE) new strategic direction?
What is Vikram Seth's experience in blockchain technology?
How might this appointment affect AirNet's (NASDAQ:ANTE) business model?
