OTC Exchange Network (OTCXN), an institutional trading network based on blockchain technology, has appointed Drew Rasmussen as Chief Technology Officer (CTO).

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Rosario M. Ingargiola, the company’s founder and CEO, said: “We are thrilled that Drew will bring to OTCXN his unique expertise in developing Blockchain technologies specifically for large-scale use cases at global financial institutions. Drew is leading development of our ground-up proprietary Blockchain stack, which will be used as the backbone of our institutional peer-to-peer trading network and also to be offered as a stand-alone Blockchain infrastructure for permissioned ledger based systems of all types.”

Rasmussen joins OTCXN with years of experience leading blockchain implementations for global firms, including Overstock.com’s T0 platform, NASDAQ, State Street, and other financial institutions.

“Since 2012, I have had the opportunity to see the emergence of many exciting products and services within the Blockchain space. Nonetheless, I have noticed the importance of creating end-to-end solutions continues to allude the majority due to a lack of deep and intimate knowledge of fields outside of technology. Few people have been responsible for bringing an institutional FX trading platform to market successfully, as has Rosario. With his extensive background within FX and mine within Blockchain, this problem has now come to an end. I’m very excited to be part of company with the ambitious vision of re-engineering the world using Blockchain,” said Rasmussen.

Ingargiola concluded: “Outside of crypto-currencies, there is only one trading platform in the world that’s in production today based on Blockchain technology – Overstock’s T0 platform – that Drew was responsible for its design and development, speaks for itself.”