Fire blocks, the digital asset security platform, announced on Thursday that they have added Jay Clayton, the American attorney who served as the Chairman of the U.S. Securities and ExchangeCommission from 2017 to 2020 as a member of its Advisory Board. 

As Jay brings the experience of three decades in international financial markets to Fireblock’s advisory board, Michael Shaulov, CEO and Co-Founder of Fireblocks expressed himself by saying "Jay's insights on financial stability and security in financial markets is unparalleled. Fireblocks will greatly benefit from having Jay on the advisory board given his expertise on many aspects of the financial sector. Jay will help to advance further the safety and security of the Fireblocks infrastructure for capital markets participants and investors." 

Apart from Jay, the seven-member board includes, Cyberstarts founder Gili Raanan, Capitolis' Gil Mendelzis, Tenaya Capital's Tom Banahan, Stripes' Ken Fox, Paradigm's Fred Ehrsam and Fireblocks' Cryptography Advisor, Ran Cannetti. 

As the newly appointed Advisory Board member at Fireblocks Jay said, "Fireblocks has emerged as a leader in the evolving digital asset space. I share Fireblocks view that digital asset custody requires the same level of service as traditional custody while also striving for better regulatory outcomes insecurity, certainty, and resiliency."

Before joining SEC, Clayton was practicing law at the Sullivan & Cromwell international law firm which was founded in 1879 and is a recognized leader in business law. He was the partner and member of the management committee there. He had advised a wide range of high-profile corporate clients that included several financial institutions and broker-dealers.

Fireblocks offers a secure platform for moving, storing, and issuing digital assets. The enterprise-grade platform has secured the transfer of digital assets worth $1 trillion in digital assets with a unique insurance policy to protect the assets. 

Rushali Das

CBW - External Analyst

INDIA