- Ondo Finance has introduced a former US Congressman has joined its advisory board.
- Former Home Monetary Providers Chair Patrick McHenry additionally not too long ago joined Stripe and a16z.
Patrick McHenry, former Republican congressman from North Carolina and Home Monetary Providers Committee chair, has joined crypto agency Ondo Finance.
A day after McHenry joined enterprise capital agency Andreessen Horowitz and fintech agency Stripe, Ondo Finance has introduced he’ll be part of as Ondo’s advisory board vice chair.
McHenry joins Ondo Finance as an advisor
The previous Congressman will deliver loads of expertise to the Ondo Finance advisory board, having been instrumental within the bipartisan drive that led to the passing of FIT21. Ondo expects McHenry to play an important position within the agency’s regulatory, relations technique and thought management because it takes a number one position within the tokenized securities ecosystem.
“As the tokenization of real-world assets transforms capital markets, we believe thoughtful engagement with policymakers and regulators is critical,” mentioned Nathan Allman, founder and chief govt of Ondo Finance. “Chairman McHenry’s decades of unparalleled leadership in financial services policymaking and his commitment to responsible innovation will be invaluable as we continue to build infrastructure that bridges traditional finance and blockchain technology.”
In a remark, McHenry mentioned:
“The tokenization of real-world assets has the potential to unlock trillions of dollars in value by making markets more accessible and efficient. Ondo Finance has emerged as a clear leader in this space with a thoughtful approach to working within existing market infrastructure.”
Ondo Finance’s elevated footprint as a number one blockchain-based monetary platform has grown in latest months.
Particularly, the real-world belongings platform took a serious step in cementing this with the disclosing of its Ondo Chain. Introduced through the Ondo Summit in early February, Ondo Chain is a layer 1 blockchain designed to speed up institutional adoption of onchain finance.
McHenry’s position on the crypto agency will embody making Ondo the digital asset chief on this area.