Bitcoin (BTC)


Today, the Proof of Workforce Foundation, a 501(c)(4) tax-exempt not-for-profit organization, has actually revealed the addition of 2 recognized members to its Board of Directors: Ajit Singh and Raphael Zagury, according to a news release sent out to Bitcoin Magazine. This duo is being brought on to additional enhance the Foundation’s objective to promote significant, education-based Bitcoin adoption amongst labor force companies.

Ajit Singh joins the board from his present function as Chief Investment Officer of the Houston Firefighters Relief and Retirement Fund, a $5.1 billion pension fund and the very first in the U.S. to include Bitcoin straight to its balance sheet in 2021. Singh has also worked as the Chief Risk Officer and Deputy CIO for the United Nations Joint Staff Pension Fund (UNJSPF), handling a worldwide pension fund with around 144,000 individuals throughout 25 UN member companies.

“As institutions continue to learn about Bitcoin, I’m excited to bring my experience to the Proof of Workforce Nonprofit Board of Directors,” Singh specified. “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, the Chief Investment Officer and Head of Research at Swan Bitcoin, also joins the board. Zagury is understood for producing The Nakamoto Portfolio, an open-source software application tool that shows Bitcoin’s effect on fund portfolios. His comprehensive background consists of co-founding Open Co, a leading Brazilian fintech, and holding executive functions at Goldman Sachs, Deutsche Bank, and Merrill Lynch in New York.

“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,” specified Proof of Workforce Founder and President, Dom Bei. “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 has actually currently made substantial strides in promoting Bitcoin adoption. The Foundation played an essential function in assisting the Vacaville Firefighters end up being the 2nd union in the U.S. to acquire and hold Bitcoin on its balance sheet, and assisted the Humboldt Bay Firefighters end up being the 3rd union to do so. And worldwide, the Foundation helped the Salvadoran firemens association, AproBomberos, in also holding Bitcoin on their balance sheet.

The Foundation’s board, that includes popular Bitcoiners Joe Carlasare, Lisa Hough, Chris Alaimo, and Magdalena Gronowska, boasts varied know-how in law, energy, multimedia, and mining. Additionally, the Foundation revealed that Josh and Dan of Blue Collar Bitcoin will be stepping down from the board, however will stay included with the organization, and thanked them for their management and assistance while at the Foundation.

Proof of Workforce Foundation states it supplies all services at no charge. More details about the organization can be discovered on their site here.

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