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Paxos Adds Patricia Kemp And Scott Malpass To Its Board Of DirectorsNEW YORK, May 27, 2021 /PRNewswire/ -- Paxos, the first regulated blockchain infrastructure platform, today announced it has added Patricia Kemp, Co-Founder and Managing Partner of Oak HC/FT, and Scott Malpass, former Vice President and Chief Investment Officer of the University of Notre Dame, to its Board of Directors. As seasoned executives in the financial services industry with significant expertise in investment strategy and portfolio management, Kemp and Malpass will provide unique insight and guidance as Paxos continues to differentiate itself as the most trusted operator in blockchain-based financial market infrastructure. Charles Cascarilla, CEO and Co-Founder of Paxos, commented, "A hallmark of our Board is that it features leaders experienced in managing complex regulatory and financial environments. Tricia and Scott bring unique expertise that adds a new dimension that will drive significant impact across Paxos as we serve more sophisticated global enterprises." Patricia Kemp said, "With its commitment to regulatory compliance and oversight, we believe Paxos has the ability to revolutionize the global financial system and power the future digital economy. I'm thrilled to join the Board and work closely with the team to position Paxos as the world's preeminent blockchain infrastructure provider." Scott Malpass added, "Paxos has built the tokenization platform, custodial services and regulated framework to facilitate the mainstream adoption of digital assets by the world's largest financial institutions. It is now crucial the public understands the importance of upgrading financial infrastructure and sees the benefits of partnering with a company like Paxos. I'm excited to join the Board and guide the team as it drives critical innovations in financial services." Paxos recently announced the close of a $300 million Series D round of funding from Oak HC/FT, Declaration Partners, PayPal Ventures, Mithril Capital, Senator Investment Group, Liberty City Ventures, WestCap and more. To date, Paxos has raised more than $500 million in total funding. With this funding, and the addition of Kemp and Malpass to its Board, Paxos is well positioned to accelerate the growth of its financial market infrastructure platform. About Patricia Kemp Patricia currently serves on the Boards of FastPay, Feedzai, Insureon, Kasisto, NextCapital, Paxos, Rapyd, and Urjanet, and is actively involved with Kryon and Pagaya. Prior investments include Poynt (acquired by GoDaddy), Argus Information & Advisory Services (acquired by Verisk Analytics), NetSpend Corporation (acquired by TSYS), Point Carbon (acquired by Thomson Reuters), TxVia (acquired by Google), and Vesta Corporation. Prior to founding Oak HC/FT, Patricia served as a venture partner at Oak Investment Partners, which she joined in 2002. Earlier, she spent more than 13 years in senior management roles at Cendant (formerly CUC International). Patricia has also previously held positions at Hewlett Packard and Merrill Lynch. She received her Bachelor of Arts and MBA from Stanford University. About Scott Malpass About Paxos Paxos uses technology to tokenize, custody, trade and settle assets. It offers crypto solutions for enterprises, crypto trading and settlement solutions for securities and commodities. Paxos customers include global enterprises PayPal, Bank of America, Credit Suisse, Societe Generale, StoneX and Revolut. Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Mithril Capital and PayPal Ventures. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system. About Oak HC/FT Paxos Media Contact:
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