Ex-Coinbase CTO Joins DeFi Firm Findora

Decentralized finance (DeFi) company Findora on Wednesday announced that it has on-boarded Balaji Srinivasan, the former CTO of Coinbase, to guide the firm as a strategic advisor.

Srinivasan is also accompanied by Professor Dan Boneh, head of Stanford Cryptography, who took up the same role at Findora.

Srinivasan is one of the veterans and most well-known personalities of the crypto industry. He co-founded and lead Earn.com prior to its acquisition by Coinbase in 2018. He then took up the role of the chief technical officer at the crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and continued in this role before parting ways with Coinbase last May.

Prior to that, he was a general partner at Andreessen Horowitz for five years and also co-founded two other companies - Teleport and Counsyl.

“We are excited to welcome Professor Dan Boneh and Balaji Srinivasan to our team as we work towards a new global financial system where users control their own financial data, identity, and assets. These renowned industry experts have unrivaled knowledge in fintech, digital infrastructure, Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term, cryptography, and beyond, putting them at the forefront of their respective fields,” Charles Lu, the chief executive of Findora, said.

Decentralizing financial ecosystem

Launched in 2018, Findora is building a decentralized financial system to anyone to build and make use of financial services, whether they are “individuals, small and medium-sized enterprises, or industry giants.”

In the initial phase, the firm aims to add applications, including open banking, asset securitization, trading systems, and peer-to-peer (P2P) lending solutions.

“Findora’s vision is to be the Internet of the finance world, and to decentralize and revitalize the global financial system,” Professor Boneh added.

“Blockchain alone will not replace trust in our financial institutions. There is a strong need for privacy and data safety features of the type Findora is developing and that will make Findora a powerful hub for storing the world’s financial data. I am excited to work with the team on this technically deep project, and to help Findora achieve its goal of creating a decentralized financial network.”