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Charles Cascarilla joins the Steering Committee of The Open Initiative

Zug, Switzerland. – September 3rd, 2020 – The Open Initiative announces the appointment of a new member for the steering committee, Charles Cascarilla.

The Open Initiative is a web-platform that aims to enhance the financial system by equipping businesses and governments with new tools and services. To do this, the team funds and incubates innovative solutions by awarding four grants, each worth of 50’000 CHF, in four areas: a digital vouchers platform; supply chain solutions; a real-time, economic IT system; and research initiatives.

“Thrilled to work together with Chad. He is one of the few people, who as an entrepreneur and thought leader is working to move traditional financial markets to blockchain.  He is a big asset to the Open Initiative”, said Richard Olsen, the CEO and founder of Lykke.


About Charles Cascarilla

Charles Cascarilla is the CEO and co-founder of Paxos, a regulated financial institution building infrastructure to enable movement between physical and digital assets. By building infrastructure to enable the movement between physical and digital assets, Paxos is creating a future where all assets—from money to commodities to securities—are digitized and can move instantaneously 24/7.

Charles co-founded institutional asset management complex Cedar Hill Capital Partners in 2005 and its venture capital subsidiary, Liberty City Ventures, in 2012. Earlier in his career, Charles was a portfolio manager at Claiborne Capital and worked at both Bank of America Securities and Goldman Sachs.

Charles is a founding member of the Association of Digital Asset Markets (ADAM), a private organization of member firms seeking to build a safer, stronger and more efficient digital assets marketplace. He also serves on the board of several charities and private companies including ALS Biopharma, Project ALS, and The Centurion Foundation. He also sits on the Governing Board of the Hyperledger Project.

Charles holds a B.B.A. in Finance from the University of Notre Dame and is a CFA charter holder.

About the Open Initiative

The Open Initiative is a web-platform that aims to enhance the financial system by equipping businesses and governments with new tools and services to unlock resources at the service of the people and their governments. Learn more about The Open Initiative by visiting the website.

About Lykke

Lykke is a Swiss-based global fintech firm that utilizes blockchain and emerging technologies to provide solutions for consumers, investors, and corporations. By leveraging the power of a broader ecosystem, Lykke’s platforms eliminate barriers to market entry, solve inefficiencies within current economic systems, and democratize access to digital asset marketplaces. Learn more about Lykke’s work including The Open Initiative – to fund and incubate solutions for the global supply chain, and following Lykke on Twitter,  Facebook, and LinkedIn.