Abra, a global digital asset prime services and wealth management platform, has announced the appointment of Shervin Pishevar, a renowned venture capitalist, angel investor, and philanthropist, as Co-Chairman of its Board of Directors. Pishevar will collaborate closely with Abra’s Founder and CEO, Bill Barhydt, who also takes on the role of Co-Chairman, to spearhead strategic initiatives aimed at further capitalizing on Abra’s substantial growth.
Pishevar, a seasoned entrepreneur and investor, has been pivotal in founding industries like Hyperloop, Social Gaming, On-Demand Services, and Cloud Kitchens. As co-founder of Sherpa Capital, a venture capital firm managing $650 million, Pishevar’s portfolio includes investments in Uber, Airbnb, SpaceX, Slack, and Robinhood. He also co-founded Virgin Hyperloop One and served as Uber’s early Board member and strategic advisor. His investments have returned over $3 billion to investors, earning him multiple appearances on the Midas List of top VCs.
Abra’s rapid growth has been driven by the launch of its integrated offerings — Abra Prime for institutions, Abra Private for high-net-worth clients, and Abra Treasury for corporates. Highlights include:
- Abra Private: Reaching ~$250 million in assets under management in just six months, catering to private clients, trusts, and financial advisors.
- Abra Prime: Expanded with an OTC options trading solution, increasing its client base by 48%.
- Abra Treasury: Awarded Best Treasury Management Solution by Hedgeweek for offering corporations and nonprofits a secure way to incorporate Bitcoin and crypto into their balance sheets.
“We’re thrilled to welcome Shervin Pishevar to our board during such a remarkable period for Abra,” said Bill Barhydt. “His success in Silicon Valley and belief in Bitcoin’s potential will be invaluable as we continue to grow, explore strategic acquisitions, and push the boundaries of digital financial services.”
Pishevar expressed his excitement, noting that Abra is one of the few digital asset firms to thrive through multiple market cycles. “I’m eager to help Abra realize its vision of transforming banking, investing, and lending in the digital era. Big announcements are on the horizon that will redefine the financial landscape,” he added.
