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Paxos welcomes Patricia Kemp and Scott Malpass to its Board Of Directors

By Pavithra R

May 28, 2021

  • America
  • Paxos

Paxos welcomes Patricia Kemp and Scott Malpass to its Board Of DirectorsPaxos, a regulated financial institution building infrastructure to enable movement between physical and digital assets, has announced the addition of 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.

“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,” said Charles Cascarilla, CEO and Co-Founder of Paxos.

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 a trusted operator in blockchain-based financial market infrastructure.

Patricia Kemp is Co-Founder and Managing Partner of Oak HC/FT, where she invests in growth equity and early-stage FinTech companies. 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 currently serves on the Boards of FastPay, Feedzai, Insureon, Kasisto, NextCapital, Paxos, Rapyd, and Urjanet, and is actively involved with Kryon and Pagaya.

“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,” said Patricia Kemp.

Scott C. Malpass is the former VP and chief investment officer of the University of Notre Dame, where he also served as an assistant professor of finance at the University’s Mendoza College of Business. He is currently a member of the Board of Directors of Vanguard and the Catholic Investment Services, Inc. He is also a member of the board of superintendence of the Institute for the Works of Religion in Vatican City, commonly referred to as the Vatican Bank.

“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,” said Scott Malpass.

Founded in 2012, Paxos is on a mission to modernize finance by mobilizing assets at the speed of the internet. The company aims in making it possible to move any assets anywhere, instantly and thereby democratize access to a new, global, frictionless economy.

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