OTC Exchange Network announces appointment of Blockchain architect Drew Rasmussen as Chief Technology Officer.
San Francisco - OTC Exchange Network (OTCXN), an institutional trading network and technology provider focused on using Blockchain technologies, has appointed Drew Rasmussen as Chief Technology Officer (CTO) of the company.
Rasmussen will be responsible for overseeing all technical design, technological resources, and technology development. Additionally, he will facilitate the overall architecture and development of the company's proprietary Blockchain fabric, also known as Distributed Ledger Technology (DLT). He will report to Rosario M. Ingargiola, the company's Founder and CEO.
"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," Ingargiola said. "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."
As part of his employment at a blockchain firm in Silicon Vally, Drew led custom, ground-up Blockchain implementations for leading global firms adopting DLT for various use cases, including Overstock.com's T0 platform, NASDAQ, State Street, and many other globally recognized 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 elude 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," said Rasmussen.