Paxos, the first regulated blockchain infrastructure platform, announced it has added Patricia Kemp, Co-Founder and Managing Partner of Oak HC/FT, and Scott Malpass, former Vice President and Chief Investment Officer of the University of Notre Dame, to its Board of Directors.
As seasoned executives in the financial services industry with significant expertise in investment strategy and portfolio management, Kemp and Malpass will provide unique insight and guidance as Paxos continues to differentiate itself as the most trusted operator in blockchain-based financial market infrastructure.
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Charles Cascarilla, CEO and Co-Founder of Paxos, commented, “A hallmark of our Board is that it features leaders experienced in managing complex regulatory and financial environments. Tricia and Scott bring unique expertise that adds a new dimension that will drive significant impact across Paxos as we serve more sophisticated global enterprises.”
Patricia Kemp said, “With its commitment to regulatory compliance and oversight, we believe Paxos has the ability to revolutionize the global financial system and power the future digital economy. I’m thrilled to join the Board and work closely with the team to position Paxos as the world’s preeminent blockchain infrastructure provider.”
Scott Malpass added, “Paxos has built the tokenization platform, custodial services and regulated framework to facilitate the mainstream adoption of digital assets by the world’s largest financial institutions. It is now crucial the public understands the importance of upgrading financial infrastructure and sees the benefits of partnering with a company like Paxos. I’m excited to join the Board and guide the team as it drives critical innovations in financial services.”
Paxos recently announced the close of a $300 million Series D round of funding from Oak HC/FT, Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap and more. To date, Paxos has raised more than $500 million in total funding. With this funding, and the addition of Kemp and Malpass to its Board, Paxos is well positioned to accelerate the growth of its financial market infrastructure platform.
