The Blockchain Deposit Insurance Corporation (BDIC), a pioneer in blockchain-based insurance solutions, has announced the appointment of James McCarthy as Senior Strategic Advisor to BDIC Insurance and Chief Operating Officer of its newly launched division, BDIC RWA Consulting. This new global advisory arm focuses on the rapidly expanding sector of real-world asset (RWA) tokenization.
A New Chapter in RWA Tokenization
BDIC RWA Consulting is set to offer comprehensive consulting services and rigorous token coverage vetting, supporting BDIC Insurance’s efforts to help governments and enterprises embrace blockchain infrastructure responsibly. The division will guide partners through the complexities of launching secure, compliant tokenization projects tied to tangible assets such as real estate and alternative investments.
James McCarthy’s dual role places him at the core of BDIC’s mission to bridge traditional financial systems with decentralized technologies. His leadership will help steer the company as it expands its footprint across sovereign and enterprise markets.
A Seasoned Leader with Global Financial Expertise
With a career spanning more than five decades, McCarthy brings unmatched experience in private equity and international finance. He has been involved in transactions worth billions of dollars across the United States, Europe, and Latin America, and continues to lead several innovative RWA initiatives.
Among his current projects are the structuring of a tokenized U.S. real estate fund, assisting a bridge-lending platform in gaining listing approval on a U.K. Alternative Trading System, and collaborating with a LATAM consortium on real estate and alternative asset tokenization.
“The future of finance lies at the intersection of traditional assets and decentralized technology,” said McCarthy. “I’m honored to join BDIC during such a transformative period. Together, we aim to unlock global liquidity and drive inclusive economic growth through secure tokenization.”
Driving Strategic Projects at BDIC RWA Consulting
In his role at BDIC RWA, McCarthy will serve as the lead underwriter and internal vetting director for token projects seeking insurance coverage. He will also oversee the end-to-end execution of strategic partner initiatives, from project inception to delivery and deployment.
His appointment comes as BDIC RWA experiences growing demand from both governments and Fortune 500 companies for tokenization consulting and white papers. These initiatives reflect increasing interest in launching insured digital asset offerings backed by real-world value.
“The level of engagement we’re seeing from sovereign nations and top-tier corporations is inspiring,” McCarthy noted. “BDIC’s ability to provide insurance-backed confidence in this space is a true differentiator.”
Endorsement from BDIC Leadership
Jeffrey A. Glusman, Founder and CEO of BDIC, expressed strong confidence in McCarthy’s appointment.
“Jim is a proven leader with a remarkable track record. His vision and practical knowledge align perfectly with our mission to deliver secure, regulated tokenization solutions to global partners.”
McCarthy’s addition is expected to further solidify BDIC’s position at the forefront of the blockchain-insurance ecosystem, supporting an infrastructure built on transparency, trust, and compliance.
Strengthening Global Operations and Leadership
McCarthy’s appointment follows a string of key hires at BDIC, including Oliver Plukrose as Chief Technology Officer and James R. Owens to the Board of Advisors. Plukrose brings decades of experience in building secure, enterprise-grade systems, while Owens contributes deep expertise in decentralized architecture and smart contract integrity.
BDIC’s Hong Kong operations, led by Paul Kohli, are currently working toward regulatory approval as an insurance provider and pursuing coverholder status with Lloyd’s of London. The company has also established operating accounts with Hang Seng Bank to support its financial infrastructure in the region.
Looking Ahead: Utility Token Launch and Ecosystem Growth
BDIC plans to launch its native utility token in Q4 2025. The token will serve multiple functions, including payments, settlements, governance, and other platform utilities. The company also intends to announce wallet integrations, exchange partnerships, and expanded institutional collaborations in the coming weeks.
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