Former PayPal COO joins 0x Protocol board

07 Sep, 2018
Former PayPal COO joins 0x Protocol board

Former COO of PayPal, David Sacks has joined 0x Protocol ($ZRX), the open protocol that underpins token trading. 

The announcement was tweeted by Sacks, 0x Protocol, and Fortune Magazine, who broke the news. 

Sacks announced that he will be joining the advisory board of 0x Protocol while bringing Harbor, a compliance service for tokens on board to assist.

Harbor will allow for 0x Protocol to tackle regulatory compliance challenges as well as making it easier for issuers and investors to abide by existing rules across jurisdictions. 

Sacks is a strong advocate for security tokens and believes they provide a greater form of liquidity. 

0x Protocol CEO Will Warren believes the partnership represents a step towards a new type of financial infrastructure that will provide a superior form of transparency and record-keeping.

Warren states that “In the next five years, there will be a massive shift away from securities being in closed systems that are highly regulated and hard to access,” he said. “It will be a much more open system where trading location is less important. But for this to happen, there needs to be a security token tech stack.”

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Read more about: 0x (ZRX)

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