Varun Paul Becomes New Director of CBDC at Fireblocks

Tuesday, 31/05/2022 | 22:42 GMT by Felipe Erazo
  • He is a former employee of the Bank of England.
  • Paul will report to Fireblocks' Vice President and Head of Corporate Strategy.
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Fireblocks, a digital asset and crypto technology provider , announced on Tuesday that it had appointed Varun Paul as its new Central Banking Digital Currency (CBDC) and Market Infrastructure Director.

According to the press release, he is a former Head of Fintech at the Bank of England (BoE) and will report to Adam Livne, the Vice President and Head of Corporate Strategy at the company. Paul graduated from Cambridge University with a master’s degree in economics. Also, he held several roles during his time at the Bank of England, ultimately heading up its fintech hub and the future of finance initiatives.

“Varun brings a wealth of insight and experience from his tenure at the Bank of England that will be invaluable to our team as we engage and partner with leading central banks around the world. From CBDC developments to the tokenization of traditional financial assets, bridging digital assets and blockchain technologies to traditional institutions at scale will require strong working relationships with the central bank community. We are excited about Varun’s ability to help support the digital asset strategy of central banks and market infrastructures,” Levine pointed out.

As central banks and market infrastructures begin adopting digital asset and tokenization technologies, Paul will lead the company’s engagement with them. He will play a key role in educating key decision-makers about safe, scalable and secure ways to support digital assets and examining the potential benefits of permissioned DeFi and the secondary economy it enables.

“Fireblocks is the clear leader when it comes to providing secure, scalable technologies for digital asset and crypto-forward businesses. Financial innovation in CBDC, DeFi and tokenization is rapidly accelerating, and my new role at Fireblocks allows me the privilege and opportunity to work alongside some of the most forward-thinking organizations in the world as they prepare for one of the sector’s greatest transformations,” Paul highlighted.

FIS and Fireblocks

Last month, FIS announced that it partnered with Fireblocks. The aim of the partnership is to increase the adoption of cryptocurrencies by capital markets institutions. FIS has over 6,000 clients at the time of writing.

Fireblocks, a digital asset and crypto technology provider , announced on Tuesday that it had appointed Varun Paul as its new Central Banking Digital Currency (CBDC) and Market Infrastructure Director.

According to the press release, he is a former Head of Fintech at the Bank of England (BoE) and will report to Adam Livne, the Vice President and Head of Corporate Strategy at the company. Paul graduated from Cambridge University with a master’s degree in economics. Also, he held several roles during his time at the Bank of England, ultimately heading up its fintech hub and the future of finance initiatives.

“Varun brings a wealth of insight and experience from his tenure at the Bank of England that will be invaluable to our team as we engage and partner with leading central banks around the world. From CBDC developments to the tokenization of traditional financial assets, bridging digital assets and blockchain technologies to traditional institutions at scale will require strong working relationships with the central bank community. We are excited about Varun’s ability to help support the digital asset strategy of central banks and market infrastructures,” Levine pointed out.

As central banks and market infrastructures begin adopting digital asset and tokenization technologies, Paul will lead the company’s engagement with them. He will play a key role in educating key decision-makers about safe, scalable and secure ways to support digital assets and examining the potential benefits of permissioned DeFi and the secondary economy it enables.

“Fireblocks is the clear leader when it comes to providing secure, scalable technologies for digital asset and crypto-forward businesses. Financial innovation in CBDC, DeFi and tokenization is rapidly accelerating, and my new role at Fireblocks allows me the privilege and opportunity to work alongside some of the most forward-thinking organizations in the world as they prepare for one of the sector’s greatest transformations,” Paul highlighted.

FIS and Fireblocks

Last month, FIS announced that it partnered with Fireblocks. The aim of the partnership is to increase the adoption of cryptocurrencies by capital markets institutions. FIS has over 6,000 clients at the time of writing.

About the Author: Felipe Erazo
Felipe Erazo
  • 1036 Articles
  • 45 Followers
About the Author: Felipe Erazo
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.
  • 1036 Articles
  • 45 Followers

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