OTC Exchange Network appoints Drew Rasmussen as CTO

OTC Exchange Network ("OTCXN"), an institutional trading network and technology provider focused on using Blockchain technologies to solve the biggest problems in the largest markets in the world, has announced that it has appointed Drew Rasmussen as Chief Technology Officer (CTO) of the company.

First Published by e-Forex News: February, 2017

OTC Exchange Network ("OTCXN"), an institutional trading network and technology provider focused on using Blockchain technologies to solve the biggest problems in the largest markets in the world, has announced that it has appointed Drew Rasmussen as Chief Technology Officer (CTO) of the company. As OTCXN’s CTO, Rasmussen will be responsible for overseeing all technical design, technological resources, and technology development. Additionally, he will leverage his unique experiences for facilitating 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.”

Rasmussen joins OTCXN with years of experience leading 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 allude 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. “I’m very excited to be part of company with the ambitious vision of re-engineering the world using Blockchain,” said Rasmussen.

Ingargiola shares Rasmussen’s sentiment, “Outside of crypto-currencies, there is only one trading platform in the world that’s in production today based on Blockchain technology – Overstock’s T0 platform – that Drew was responsible for its design and development, speaks for itself.”