Fireblocks, a cryptocurrency custodian service focused on institutional clients, has announced the appointment of Jay Clayton, former chairman of the US Securities and Exchange Commission (SEC), to its advisory board. The firm said in an announcement Clayton will help it to navigate in the evolving market.
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The former SEC chairman says the scope of Fireblocks' vision to improve the cryptocurrency market infrastructure and security is "impressive."
"I share Fireblocks view that digital asset custody requires the same level of service as traditional custody while also striving for better regulatory outcomes in security, certainty, and resiliency," Clayton added.
For Clayton this is not the first crypto-related job after leaving the SEC. Shortly after he left the financial watchdog, he joined One River Management as an advisor on cryptocurrency initiatives. Fireblocks' extension comes after the Tel Aviv-based firm raised $310 million, bringing the company's valuation at $2 billion.
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