Crypto custody provider Fireblocks has tapped former U.S. Securities and Exchange Commission (SEC) Chair Jay Clayton as a member of its board of advisors.
Clayton will work with Fireblocks on addressing market structure and customer needs, including support and deployment for the firm's security technology, the company announced on Thursday. Clayton, who stepped down from his role at the SEC in December, is also on the board of Apollo Global Management and an adviser to One River Digital Asset Management.
Fireblocks provides software security solutions to custody digital assets, including multi-party computation (MPC) services. The company also provides tools to speed up or otherwise streamline digital asset transaction settlement.
The move comes a month after Fireblocks raised more than $300 million in a Series D funding round that valued the company at $2 billion. DRW, Sequoia Capital, Spark Capital, Stripes and Coatue participated in the funding round.
A number of former top government officials have been taking on roles in the digital asset sector since returning to private life. Former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo became an adviser to both the Chamber of Digital Commerce and BlockFi, and is one of the leaders of the Digital Dollar Foundation.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.