Today, the Proof of Workforce Foundation, a 501(c)(4) tax-exempt nonprofit organization, has announced the addition of two distinguished members to its Board of Directors: Ajit Singh and Raphael Zagury, according to a press release sent to Bitcoin Magazine. The Foundation is bringing on this duo to strengthen its mission of promoting meaningful Bitcoin adoption by workforce organizations through education.
Ajit joins from his role as Chief Investor Officer at the Houston Firefighters Relief and Retirement Fund. The fund is a $5 billion pension fund. the first The U.S. will add Bitcoin to its balance sheets in 2021. Singh was also Chief Risk Officer for UNJSPF and the Deputy CIO. He managed a global pension plan with 144,000 participants spread across 25 UN members organizations.
“As institutions continue to learn about Bitcoin, I’m excited to bring my experience to the Proof of Workforce Nonprofit Board of Directors,” Singh said “Bitcoin was created for everyday workers, with its greatest attributes discovered through meaningful learning. Proof of Workforce is well-equipped as a reliable resource for any organization, institution, state or city, in pursuit of a strong and healthy workforce.”
Raphael Zagury joins as well, both the Swan Bitcoin Chief Investment Officer, and the Head of Research. Zagury’s open-source tool The Nakamoto Portfolio that shows the impact of Bitcoin on portfolios is well known. He has a diverse background, including co-founding Open Co, an important Brazilian fintech company, as well as holding executive positions at Goldman Sachs in New York, Deutsche Bank and Merrill Lynch.
“This dynamic addition to our Board of Directors positions us as a high-level, global resource for any pension fund, labor union, workforce organization or government body interested in meaningful, education-based, Bitcoin adoption,” Dom Bei, Founder of Proof of Workforce and its President, has stated that. “Ajit and Rapha join us with an overwhelming abundance of experience in both Bitcoin and traditional finance. From Ajit’s work in 2021, as the first CIO of a U.S. Pension to introduce Bitcoin directly into it’s portfolio, to Raphael’s creation of the first open-source portfolio analytics tool for Bitcoin on the balance sheet, our board’s experience in Bitcoin firsts has been broadly deepened.”
Proof of Workforce’s efforts to promote Bitcoin adoption have already been significant. The Foundation was instrumental in helping Vacaville firefighters become the second union In the U.S., the company purchased and held Bitcoins on its balance sheet and assisted the Humboldt Bay Firefighters to become Bitcoin-certified. the third union to do so. The Foundation also assisted AproBomberos – the Salvadoran Firefighters Association – to include Bitcoin as part of their financial statement.
JUST IN: 🇸🇻 Salvadoran firefighters association AproBomberos now officially holds #Bitcoin Balance sheet👏 pic.twitter.com/4kiORBRbf1
— Bitcoin Magazine (@BitcoinMagazine) February 24, 2024
Members of the Foundation’s Board include prominent Bitcoiners Joe Carlasare and Lisa Hough. Chris Alaimo and Magdalena Gronowska also have diverse backgrounds in mining, law, multimedia and energy. The Foundation also announced that Josh and Dan from Blue Collar Bitcoin would be leaving the Foundation’s board but remain active in the organization. They were thanked for their support and leadership while they served on the Foundation.
Proof of Workforce Foundation claims it offers all services for free. On their website, you can find out more about this organization. here.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: bitcoinmagazine.com
