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 Singh is joining the board after his role as Chief Investor Officer for the Houston Firefighters Relief and Retirement Fund. This pension fund has a value of $5.1 billion. the first The U.S. will add Bitcoin to its balance sheets in 2021. Singh served also as Chief Risk Office and Deputy Director of Information Technology for the United Nations Joint Staff Pension Fund. This global pension fund has approximately 144,000 members across 25 UN Member 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, S. “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 also joins as the Board. Zagury created The Nakamoto Portfolio which is an open-source portfolio.source Software tool which demonstrates Bitcoin’s impact on portfolios. 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 is the Founder of Proof of Workforce as well as its President. “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 is already making significant progress in the promotion of Bitcoin adoption. The Foundation was instrumental in assisting the 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 helped the Salvadoran Firefighters Association, AproBomberos to hold Bitcoins on their balance sheets.
JUST IN: 🇸🇻 Salvadoran firefighters association AproBomberos now officially holds #Bitcoin On their balance sheet👏 pic.twitter.com/4kiORBRbf1
— Bitcoin Magazine (@BitcoinMagazine) February 24, 2024
The Foundation board includes Joe Carlasare of Blue Collar Bitcoin, Lisa Hough and Chris Alaimo. Magdalena Gronowska is also on the list. They have a diverse range of expertise, including in energy, mining, multimedia, and law. Josh and Dan, of Blue Collar Bitcoin, will also be stepping down as board members, though they will still remain an active part of the Foundation.
Proof of Workforce Foundation claims it offers all services for free. You can learn more on the website. here.
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Source: bitcoinmagazine.com