Alasdair Foster is the Chief Executive Officer of Bullish Capital, the venture capital arm of the digital asset company Bullish ^{[1] [2]}. Originally from Scotland and now based in the Cayman Islands, his career has transitioned from practicing as a barrister and working in traditional finance at J.P. Morgan to holding senior leadership roles at the global investment company Dart, and ultimately to leading venture investments in the Web3 and digital asset sectors ^{[3] [1]}.

Education

Alasdair Foster's academic background is in law and business. He earned a Master of Arts in Jurisprudence from the University of Oxford, attending from 1995 to 1998. Following his undergraduate degree, he completed the Bar Vocational Course at the Inns of Court School of Law in London between 1998 and 1999 and was subsequently called to the Bar by Lincoln's Inn. Years later, he returned to academia to pursue a Master of Business Administration (MBA) at the University of Cambridge, which he completed between 2003 and 2004. ^[3].

Career

Foster began his professional career in law, practicing as a barrister at Fenners Chambers in Cambridge, United Kingdom, from 1999 to 2004 ^[3]. After completing his MBA, he transitioned into the financial services industry, joining JPMorgan in London. He worked at the investment bank from 2004 to 2008, rising to the position of Vice President, which served as a basis for later work in the cryptocurrency industry. ^{[1] [3]}​

In 2008, Foster relocated to the Cayman Islands, where he took on senior roles at prominent offshore financial services firms. He first served as a Senior Vice President at Walkers Management Services, part of the Walkers Global group, from 2008 to 2011. He then moved to the Maples Group, where he worked as a Senior Vice President and Director, providing services to hedge funds and special purpose vehicles from 2011 to 2013 ^[3].

In January 2013, Foster joined Dart Enterprises Ltd., a major real estate development and investment company in the Cayman Islands. He initially served as President of Active Investments, where he was responsible for managing a diverse international portfolio of operating businesses in sectors such as retail, hospitality, manufacturing, finance, and biotechnology. He later became CEO of the multi-billion dollar enterprise before transitioning to his role at Bullish Capital. He continues to serve as a Director of Dart Enterprises Ltd., contributing to the company's strategic and corporate governance decisions ^{[3] [1]}.

Bullish Capital

In November 2022, Foster was appointed CEO of Bullish Capital, the dedicated venture capital arm of the Bullish group. The Bullish group also operates a digital asset exchange and owns the media company CoinDesk ^{[3] [2]}. As CEO, Foster leads the firm's strategy of making early-stage, equity-based investments in crypto infrastructure projects, while also participating in later-stage rounds and token sales. His leadership has guided the firm's focus toward foundational technologies in Decentralized Finance (DeFi) and Decentralized Physical Infrastructure Networks (DePIN) ^[4].

Under Foster's direction, Bullish Capital has led and participated in several notable funding rounds. In March 2024, the firm co-led a $23 million Series A funding round for ether.fi, a liquid restaking protocol built on the Ethereum network's EigenLayer ^{[5] [6]}. In a statement on the investment, Foster commented on the firm's confidence in the project's team and its potential within the DeFi sector:

“We are incredibly excited to partner with Mike and the team at ether.fi. They have a compelling vision and their growth to date has been nothing short of phenomenal. We look forward to supporting them as they continue to innovate on staking and restaking, and build out the leading decentralized staking franchise.” ^[2]

In another quote about the ether.fi investment, he elaborated on the importance of the technology:

“Restaking has the potential to solve the cold start challenge new projects face by leveraging the existing strength of the Ethereum validator set and become a central part of digital asset infrastructure for the long term. EtherFi has pioneered how to do this in a capital-efficient manner through liquid restaking, and we are excited to partner with them on further developing this innovative technology.” ^[6]

Later, in 2024 and early 2025, Bullish Capital led a $5.6 million (€5.3 million) seed funding round for Wingbits, a DePIN project building a decentralized, rewards-based global flight tracking network ^{[7] [8]}. This investment demonstrated the firm's interest in Web3 applications that create and manage real-world infrastructure. Regarding the Wingbits investment, Foster stated:

“We are excited to partner with the Wingbits team, who in less than 18 months have already begun to disrupt a flight tracking industry with huge proven demand by leveraging blockchain technology to incentivise the supply of higher quality, lower latency data.” ^{[7] [9]}

Public Appearances

Foster is an active participant in the global digital asset industry and a speaker at major conferences. He was a featured speaker at CoinDesk's Consensus Hong Kong conference in February 2025, where he participated in a panel titled "DePIN Revolution: Connecting the Physical & Digital Worlds" and served as a moderator for the "CoinDesk PitchFest Final" ^[2]. He is also scheduled to be a speaker at the Consensus Hong Kong 2026 conference, where he is listed to appear at the "Pitchfest Finals" ^[10].

In August 2025, Foster was featured in the Cayman Compass discussing the opening of the Bullish digital asset exchange's operations in the Cayman Islands. He hailed the event as a milestone for the jurisdiction's technology sector and commented on the positive economic impact. ^[11].