Axiom Venture Capital Appoints Former Minister John Baker as Advisor
Axiom Venture Capital– A former high-ranking UK government minister, John Baker, has been approved to take up a paid advisory role with Axiom Venture Capital, a Bitcoin-native investment firm. The Advisory Committee on Business Appointments (ACOBA) provided its approval after reviewing Baker’s background and confirming that there were no conflicts of interest or potential risks to the integrity of the government.
Axiom Venture Capital’s New Advisor: John Baker
John Baker, who previously served as the Minister of State at the Northern Ireland Office until 2024, sought guidance from ACOBA regarding his potential advisory position at Axiom. Axiom Venture Capital, which focuses on Bitcoin-related investments, will bring Baker on board as a part-time advisor for its second venture fund, Axiom Venture Fund II.
Baker’s approval to join Axiom comes after a thorough review of his prior roles and responsibilities as a government official. According to ACOBA’s assessment, there were no concerns over conflicts of interest that could influence Axiom’s operations or damage the credibility of the UK government.
ACOBA’s Guidelines to Mitigate Risks
Although the advisory role has been approved, ACOBA issued guidelines to ensure there is no misuse of sensitive information or government influence. Baker has been advised to adhere strictly to the “7 Principles of Public Life”, which include integrity, accountability, and transparency. Specifically, Baker must avoid using any confidential government information to benefit Axiom, and for two years, he is prohibited from lobbying the UK government on behalf of Axiom.
Additionally, Baker is restricted from advising Axiom on areas related to his previous governmental duties, ensuring there is no undue influence from his time in office. This approach aims to mitigate any risks associated with Baker’s past connections and role within the UK government.
Axiom’s Commitment to Responsible Bitcoin Investments
Axiom Venture Capital focuses on providing strategic advisory and investment management services within the Bitcoin ecosystem. The company has been cautious in its investment approach, emphasizing responsible and prudent investment strategies. In August, Axiom announced plans to raise $75 million for its new venture fund, with an emphasis on avoiding risky ventures, including pressures to issue tokens.
By bringing in an experienced advisor like John Baker, Axiom aims to bolster its investment strategies while navigating the complex regulatory and geopolitical landscape surrounding the crypto sector.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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