In February, Dorsey announced a BTrust in collaboration with rapper Jay-Z.

BTrust is a fund with 500 BTC capital base worth N10,014,265,775.40 ($24,426,230), when pegged to late Monday’s market price $48,815.35, and will be managed by four Africans, without oversight from Dorsey or Jay Z.

In a statement shared on Twitter on Wednesday, Dec. 15, Dorsey revealed the identities of the BTrust board, three of whom are Nigerians; Abubakar Nur Khalil, Obi Nwosu, Ojoma Ochai, and South African, Carla Kirk-Cohen.

The individuals were selected from a pool of 7,000 applicants.

Obi Nwosu is the Co-founder of Coinfloor, a serd-level cryptocurrency startup, which has raised $300,000 in funding round.

Ojoma Ochai is the Managing Partner at CcHUBCreative (Co-Creation Hub), a technology innovation workspace, accelerating startup growth in Nigeria and selected part in Africa – CcHUB has raised $5.5 million to aid its operation.

Abubakar Nur Khalil is a bitcoin core contributor, and had received $50,000 in BTC for his work on Bitcoin wallet software from Human Rights Foundation (HRF) in May 2021.

Khalil is also the CTO of Recursive Capital, an earlyon-stage crypto VC fund, supporting founders building critical web 3.0 infrastructure.