Paxos, a regulated
blockchain and tokenization infrastructure platform, announced today the
appointment of J. Christopher Giancarlo, former Chairman of the US Commodity
Futures Trading Commission (CFTC), to its board of directors.
Paxos Scores Regulatory
Heavyweight from CFTC
Giancarlo,
a respected figure in the financial services industry and a passionate advocate
for blockchain technology, brings decades of expertise to Paxos as the company
continues to innovate in the digital asset space.
During his
tenure at the CFTC from 2014 to 2019, Giancarlo oversaw the introduction of the
first Bitcoin futures products and applied a “Do No Harm” regulatory
approach to blockchain technology.
“Chris
brings unparalleled expertise and understanding of complex market dynamics to
Paxos,” said Charles Cascarilla, CEO and Co-Founder of Paxos. “His
insights will support us as we expand our position as a leader in regulated
digital asset market structure and stablecoin innovation.”
Paxos, a
registered trust company, issues regulated digital assets such as PayPal USD
(PYUSD), Pax Dollar (USDP), and Pax Gold (PAXG). The company aims to leverage
blockchain technology to create a more inclusive and accessible financial
system
“Paxos
has established itself as the leader in bridging traditional and digital asset
markets by introducing regulated solutions that are safe for institutions and
consumers,” said Giancarlo. “I’m honored to join Paxos’s board and be
a part of innovation in the financial sector.”
This article was written by Damian Chmiel at www.financemagnates.com.
