Hoffmann's focus will be on educating
regulators and policymakers on key developments and considerations
in distributed ledger and blockchain technology
NEW
YORK, July 29, 2024 /PRNewswire/ -- Digital
Asset, a leading blockchain software provider for the world's
largest financial institutions, market infrastructures and
technology providers, today announced Matthew Hoffmann has
joined as its Director of Regulatory and Government Affairs.
Digital Asset is committed to advancing the promise of blockchain
technology through strong public and private collaborations and by
developing technology that can adapt to evolving and complex
regulatory requirements. Hoffmann will play a crucial role in
representing Digital Asset to key stakeholders in the U.S.
government, trade associations and regulatory bodies. His efforts
will focus on shaping and driving educational initiatives and
legislative efforts related to the regulation and adoption of
digital asset and blockchain technology.
"We are very pleased to welcome Matt and the knowledge and
experience he brings in successfully managing a wide range of
complex legislative and regulatory matters," said Yuval Rooz, Co-Founder and CEO at Digital Asset.
"We built the Canton Network to be able to operate in a complex and
changing regulatory environment and Matt will play an important
role in educating and strengthening our relationship with
policymakers and regulators."
Prior to joining Digital Asset, Hoffmann served as the Staff
Director to the Chairman of the House Financial Services Committee,
Congressman Patrick McHenry (R-NC)
since 2021. He was the chief advisor to the Chairman for all
committee activities including its response to the 2023 banking
crisis, advancement of capital market reforms, and creation of the
first-ever Digital Assets, Financial Technology and Inclusion
Subcommittee. This work led to the Financial Innovation and
Technology for the 21st Century Act (FIT21), a novel market
structure proposal bringing consumer protections and regulatory
clarity to the digital asset ecosystem, which passed the House of
Representatives with overwhelming bipartisan support earlier this
year.
"I asked Matt to join our committee three years ago because I
believed he would be a problem solver, skillful negotiator, and
thoughtful leader for Committee Republicans." said Congressman
Patrick McHenry, Chairman of the
House Financial Services Committee, "I am proud to say that he more
than lived up to those expectations. From bank runs to
crypto, he has served as both confidant and
strategist. He has helped Committee Republicans achieve our
objectives while maintaining the bipartisanship necessary to secure
lasting results. The skills that made us successful here will
translate well to his next venture."
Matt's previous experience includes serving as Policy Director
at the Senate Finance Committee and, for former Speaker
Paul Ryan, at the House Budget
Committee, Ways and Means Committee, and in the Speaker's office.
He also worked at the BGR Group as a principal and a member of the
firm's healthcare practice.
"I am very excited to join Digital Asset and be part of the
transformation taking place in financial services," said Hoffmann.
"After many years on the policy side in Washington D.C., I am excited to leverage my
expertise and work with a team that is committed to advancing this
industry in a responsible and compliant manner and to be an
advocate for the innovation Digital Asset is driving in the
industry and to help advance the broader industries'
priorities."
About Digital Asset
Founded in 2014, Digital Asset is the leading provider of
blockchain and tokenization software and services for the world's
largest financial institutions, market infrastructure, and tech
providers. Our blockchain platform Daml, is used to build
applications that synchronize data and transactions across
organizational boundaries.
Digital Asset and 30 leading market participants launched and
operate the Canton Network, the first industry-designed,
public-permissioned blockchain network fit for institutional
assets, built to unlock the potential of synchronized financial
markets. Daml applications interoperate on the Canton Network,
enabling risk-free settlement and increasing the reach and mobility
of digital assets.
To learn more about Digital Asset, please visit
www.digitalasset.com, or follow us on Twitter and LinkedIn.
Press Contacts
Paul
Patella
paul.patella@digitalasset.co
+1 914 645 8662
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SOURCE Digital Asset (US) Corp.