Fireblocks Onboards Bank of England Exec to Lead CBDC Partnerships Meurice
Main page News, Banking, UK, CBDC

Fireblocks, an institutional crypto settlement network, has appointed the former Head of Fintech at the Bank of England, Varun Paul, as its new Central Banking Digital Currency (CBDC) and Market Infrastructure Director.

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The New York-based company said in a press release that Paul will help the firm to engage with central banks as they start developing their own digital currencies. The company added:

"In this capacity, Paul will play a key role in educating key decision-makers on secure and scalable solutions to support digital assets and exploring the potential benefits of participating in permissioned DeFi and the secondary economy it powers."

Ex-SEC Chair Joins Fireblocks' Advisory Board

Prior to Fireblocks, Paul held multiple roles at the Bank of England for 14 years. Yet, he has been in his most recent role as Head of Fintech hub for just over a year. In January, Fireblocks, raised $550 million in a Series E funding round led by co-led by D1 Capital Partners and Spark Capital. With the latest funding round, the company's valuation hit $8 billion.

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