Digital Asset adds former CFTC chairman to board
New York-based Digital Asset has added the former chair of the U.S. Commodity Futures Trading Commission (CFTC), J. Christopher Giancarlo, to its board of directors.
In a Jan. 25 press release, the enterprise blockchain firm said Giancarlo will advise its leadership on strategic issues like asset tokenization and distributed ledger technology (DLT). Digital Asset has raised more than $300 million after completing a $120 million Series D round last April. Its core product is an open-source smart contract language called DAML.
“We are on the precipice of a digital economic transformation that will necessitate safe and secure ways for businesses to interconnect and share assets,” Giancarlo said in a press statement. “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.”
Giancarlo served as the CFTC chair between 2014 and 2019. He is the co-founder of the CBDC-focused nonprofit the Digital Dollar Project, and also serves on several boards for companies including crypto neobank BlockFi and crypto investment firm CoinFund.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Kristin Majcher
