Paxos, the financial technology company focused on blockchain solutions, has appointed Duncan Niederauer, former CEO of the New York Stock Exchange (NYSE), to its board of directors.
Niederauer was CEO of the NYSE between 2007 and 2014. Before this he was a partner at Goldman Sachs, where he worked for over 20 years.
He also co-founded the Mountain Top Advisory Group, and he sits on the boards of First Republic Bank, Realogy Holdings and Colgate University.
Charles Cascarilla, CEO of Paxos, said: "Duncan Niederauer is an exceptional addition to our board and we will benefit from his over 30 years of leadership experience in developing products and building companies in financial services."
"Duncan Niederauer has been at the forefront of innovation and transformation in capital markets and will be instrumental as we continue to grow."
The appointment follows Paxos’s pairing with Euroclear to collaborate on Bankchain, a blockchain settlement service for the gold market. Paxos has also partnered with EY to work on similar blockchain settlement initiatives.
Niederauer said: “Blockchain technology promises to revolutionise post-trade clearing infrastructure and Paxos's Bankchain platform is poised to offer unique market efficiencies and automation for the benefit of all investors.”
“I'm excited to join a team of distinguished board members and work with the Paxos management team.”
