Summary
- Algorand (ALGO) said it is re-establishing its Americas headquarters in Delaware and moving to return to the US market.
- It said the main aim of the return is to expand its business in core financial infrastructure areas such as global payments and asset tokenization.
- It said Bill Barhydt, founder and CEO of the digital-asset financial services firm Abra, has been appointed as the new board chair.
Algorand (ALGO) is moving to re-enter the US market.
According to Crowdfund Insider on the 18th (KST), the Algorand Foundation said in a statement that it has re-established its Americas headquarters in Delaware and launched a new board to oversee its US operations.
The main aim of the return is to expand its business in core financial infrastructure areas such as global payments and asset tokenization.
The new board chair will be Bill Barhydt, founder and CEO of the digital-asset financial services firm Abra. Board members include Alex Holmes, vice chairman of United Texas Bank Dallas (former MoneyGram CEO); Michael Mosier, co-founder of Arktouros (former acting director of the US Treasury’s Financial Crimes Enforcement Network, FinCEN); Rebecca Rettig, chief legal officer at Jito Labs; and Staci Warden, CEO of the Algorand Foundation.
