OTC Exchange Network (OTCXN) that leverages its own proprietary blockchain to operate a permissioned, peer-to-peer trading network, has announced the appointment of blockchain architect Drew Rasmussen as the company’s Chief Technology Officer (CTO).

With the appointment, Drew will oversee all technical designs, technological developments, and technological resources. He will be leveraging his unique experiences in the blockchain arena for facilitating the overall architecture as well as the development of OTC’s proprietary blockchain fabric.

Drew Rasmussen will be reporting to the company’s founder and Chief Executive Officer, Rosario M. Ingargiola.

“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 stated. “Drew is leading the 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.”

Drew has had numerous years of unique experience in leading custom, ground-up blockchain implementations for leading global firms adopting DLT, including Overstock.com’s T0 platform, NASDAQ, State Street, and many other globally recognized financial institutions.

Prior to joining OTCXN, Drew Rasmussen served as the director of software development at PeerNova, a Silicon Valley-based tech company that combines blockchain and Big Data technologies and enables financial institutions to securely manage data to address their toughest reconciliation, audit, and compliance challenges.

“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,” Drew stated. “I’m very excited to be part of the company with the ambitious vision of re-engineering the world using Blockchain.”