Paxos, the regulated blockchain and tokenization infrastructure platform, announced it has added J. Christopher Giancarlo, former Chairman of the United States Commodity Futures Trading Commission (CFTC), to its board of directors.
A key figure in the financial services industry, and a passionate blockchain technology advocate, Giancarlo brings “invaluable expertise and knowledge to Paxos as it continues to lead in digital asset innovation.”
Charles Cascarilla, CEO and Co-Founder of Paxos, said:
“Chris brings unparalleled expertise and understanding of complex market dynamics to Paxos. He has been at the forefront of advocating for blockchain to improve the infrastructure of our financial system. His insights will support us as we expand our position as a leader in regulated digital asset market structure and stablecoin innovation. We appreciate his guidance as we grow our global regulatory footprint and facilitate the safe adoption of digital assets and blockchain.”
J. Christopher Giancarlo, incoming Paxos Board Member, said:
“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. I’m honored to join Paxos’s board and be a part of innovation in the financial sector. Paxos’s commitment to compliance and dedication to building a more efficient and inclusive financial system resonate deeply with me. I look forward to leveraging my expertise to help guide Paxos as it continues to revolutionize traditional finance.”
Paxos is a registered trust company and issuer of regulated digital assets PayPal USD (PYUSD), Pax Dollar (USDP) and Pax Gold (PAXG).
By leveraging blockchain technology, Paxos aims “to open the financial system to everyone, creating more access and freedom for billions of people around the world.”
As Paxos continues to lead the way in digital asset innovation, the company “remains committed to its mission of building a more inclusive and accessible financial future.”
J. Christopher “Chris” Giancarlo served “as the thirteenth Chairman of the U.S. Commodity Futures Trading Commission (CFTC), where he oversaw regulation of the futures, options and swaps derivatives markets.”
He also was a member of the U.S. Financial Stability Oversight Committee, the President’s Working Group on Financial Markets, and the Executive Board of the International Organization of Securities Commissions. Before his Washington D.C. service, Giancarlo was a successful entrepreneur helping GFI Group Inc. grow into “a trading platform and technology vendor to global markets for OTC swaps and other derivatives and managing GFI’s successful private equity financing and IPO.”
Giancarlo is a blockchain technology advocate and key contributor to the global discourse on cryptocurrencies and digital assets.
