Ria Bhutoria Is Researcher-in-Chief

A partner at Castle Island Ventures, Bhutoria has produced some of the smartest analysis in crypto over the last several years.

AccessTimeIconDec 4, 2023 at 1:04 p.m. UTC
Updated Mar 8, 2024 at 6:05 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Mrinalini "Ria" Bhutoria is known as a researcher, and she knows it. It's why one of her public handles is riasearch.eth.

The 29-year-old has spent an entire career in the field. Before joining Castle Island Ventures as a partner, where she focuses on finding potential investments in Web3 (from the smallest units, such as wallets, to the infrastructure that makes everything hum), she was an analyst on and off Wall Street.

This profile is part of CoinDesk's Most Influential 2023. For the full list, click here.

Bhutoria cemented her reputation in crypto as director of research at Fidelity Digital Assets, the $4.5 trillion asset manager's crypto arm that was early to bitcoin (BTC). It was a post pioneered by her current colleague at Castle Island, Nic Carter, who was Fidelity's first dedicated bitcoin analyst.

Before Fidelity, Bhutoria was a senior analyst at Circle Research, where she wrote weekly roundups about the state of the industry. She would occasionally also write longer reports zooming into advancements in narrow topics like zero knowledge technology and multi-party computation (well before ZK-anything or MPC were popular topics).

She's still writing; this year Bhutoria wrote an insightful essay entitled "Reviving Trust in Crypto," which explores the fundamental tenets that separate crypto from traditional finance, or TradFi, and what must be done to restore the crypto industry's credibility.

The New York City transplant from Kolkata, India, got her entry into finance as an equity research analyst at Credit Suisse, where she worked after studying finance and economics at New York University's Stern School of Business.

In 2021, Bhutoria co-founded a decentralized autonomous organization, or DAO, called Komorebi, which has invested at least $500,000 with female and nonbinary Web3 founders.

"If we return to the core values that united us in the first place, I believe the original vision of crypto can be realized," Bhutoria wrote in her essay.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Daniel Kuhn

Daniel Kuhn is a deputy managing editor for Consensus Magazine. He owns minor amounts of BTC and ETH.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.