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Celo Appoints Former Facebook, Bank of America Execs to Board

www.coindesk.com 11 October 2021 18:33, UTC
Reading time: ~2 m

Blockchain payments startup Celo appointed former Facebook executive Morgan Beller to its board, alongside Jai Ramaswamy, who has previously worked at Bank of America.

  • Beller is the former head of strategy at Calibra, the Facebook subsidiary set up to develop the wallet for its cryptocurrency project Libra (later Diem). The wallet project was subsequently rebranded Novi.
  • For the past year, Beller has been a general partner at venture capital firm NFX, which this month launched a $450 million seed fund for crypto gaming companies.
  • Ramaswamy is the chief risk and compliance officer of cLabs, the company behind the building of the Celo blockchain.
  • Before joining cLabs, Ramaswamy worked in risk management at Bank of America and Capital One, prior to which he spent seven years at the criminal division of the U.S Department of Justice.
  • Celo is a proof-of-stake Ethereum-built blockchain, designed to support stablecoins and tokenized assets using cellphone numbers to secure a user’s public keys.

Read more: Celo Taps Aave, Curve, Sushi and More in $100M DeFi Incentive Program

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