Former CFTC Chairman J. Christopher Giancarlo Joins Digital Asset Board of Directors
As a prominent advocate for blockchain and digital assets, Giancarlo will help advance the company’s vision of building the Global Economic Network
January 25, 2022
Digital Asset, the software and services provider building interconnected networks for global enterprises, today announced that the Honorable J. Christopher “Chris” Giancarlo, former Chairman of the United States Commodity Futures Trading Commission (CFTC), has joined the Company’s Board of Directors. As a member of the Board, Giancarlo will provide counsel to Digital Asset’s leadership on strategic matters, namely asset tokenization, distributed ledger technology (DLT) advancement and the regulatory and monetary developments impacting this space.
Mr. Giancarlo served as the 13th Chairman of the CFTC from 2014 to 2019 under Presidents Barack Obama and Donald Trump. Under his leadership, the CFTC published primers on virtual currencies and smart contracts, oversaw the launch of the first bitcoin futures contracts and created LabCFTC as the agency’s stakeholder in the digital evolution of derivatives trading markets. As Chairman of the CFTC, Giancarlo also served as 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.
Mr. Giancarlo currently serves as Senior Counsel to the international law firm Willkie Farr & Gallagher, and is a member of several Boards, including Nomura Holdings, Common Securitization Solutions, LLC and The American Financial Exchange, among others. He is also co-founder of the Digital Dollar Project, a non-profit organization dedicated to advancing the exploration of a U.S. Central Bank Digital Currency (CBDC).
Mr. Giancarlo joins Digital Asset’s Board at a pivotal time. In 2021, the Company 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. Digital Asset also strengthened its position in capital markets, announcing new partnerships with leading market infrastructures and financial institutions, including Goldman Sachs, Deutsche Börse, HKEX, ASX, and Nasdaq, among others. Looking beyond capital markets, Digital Asset expanded its footprint in the Environment, Social and Governance (ESG) space, signing deals with the Bank of International Settlements for green bond issuances and Xpansiv, an ESG-inclusive commodities marketplace.
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