Digital Asset has appointed J. Christopher Giancarlo to its board of directors. Giancarlo is the former Chairman of the Commodities Futures Trading Commission and well known for his interest in crypto assets.
Digital Asset stated that Giancarlo will provide counsel to Digital Asset’s leadership on strategic matters, including asset tokenization, distributed ledger technology (DLT) advancement, and the regulatory and monetary developments impacting this space. Giancarlo is expected to help the firm execute on its vision of building the “Global Economic Network.”
Giancarlo commented on his joining the board:
“We are on the precipice of a digital economic transformation that will necessitate safe and secure ways for businesses to interconnect and share assets. Digital Asset is building the future of business.I believe in the power of its mission and its technology to address these challenges. I couldn’t be happier to join the Company’s Board during this exciting time.”
Yuval Rooz, co-founder and CEO of Digital Asset, stated:
“We’re thrilled to welcome Chris Giancarlo to our Board. Chris is highly respected across traditional and digital financial markets and is a great addition to our Board. As a renowned blockchain technology advocate and key contributor to the global discourse on digital assets, his insights will be critical to our continued growth and success, particularly as we help our customers navigate the complexities of building seamlessly interconnected businesses.”
Giancarlo is currently Senior Counsel to the international law firm Willkie Farr & Gallagher. He is also a member of several Boards, including Nomura Holdings, Common Securitization Solutions, LLC, and The American Financial Exchange.
In 2021, Digital Asset raised $120 million in a Series D financing round led by private equity firms, 7RIDGE and Eldridge, bringing the total funds raised to over $300 million.