Todd Morley Plans to Build Blockchain Tower in Manhattan: Report

The tower will incorporate a wireless network aiming to improve access to digital ledgers.

AccessTimeIconMay 25, 2021 at 11:36 a.m. UTC
Updated Sep 14, 2021 at 1:01 p.m. UTC

Todd Morley, the co-founder and former executive of financial-services firm Guggenheim Partners, is to build a blockchain tower in midtown Manhattan.

  • The New York City tower will incorporate a wireless network aiming to improve access to digital ledgers, and will be built by JDS Development Group in partnership with Overline, which Morley chairs, Bloomberg reported Tuesday.
  • Anyone within a certain radius of the tower would have access to blockchains, irrespective of their cellular or internet connection.
  • The plan is for the network to be made available on more skyscrapers, including some outside of Manhattan.
  • “This one building will be able to connect – sort of like a hand radio operator – everyone in New York City to a crypto trading wireless communication,” Morley told Bloomberg.
  • Overline “has developed a new way to decentralize communication – wireless communication – that could be used at the speed that would even allow crypto mining," he said.


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; 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.