The former president of Financial Services of the House of Representatives, Patrick Mchenry, joins Ondo Finance

• Ondo Finance has announced that a former American congressman has joined his advisory council.
• The former president of the Financial Services Committee of the House of Representatives, Patrick Mchenry, also recently joined Stripe and A16Z.

Patrick Mchenry, former Republican Congressman of North Carolina and president of the Financial Services Committee of the House of Representatives, has joined the signing of Cryptocurrencies Ondo Finance.

A day after Mchenry joined the Risk capital firm Andreessen Horowitz and the Financiera Stripe firm, ondo Finance Ha announced that will join as vice president of the Ondo Advisory Council.

Mchenry joins Ondo Finance as an advisor

The former congressman will contribute a lot of experience to the Ondo Finance Advisory Council, having been fundamental in the bipartisan impulse that led to the approval of FIT21.

Ondo expects Mchenry to play a crucial role in the regulatory and relations of the firm and intellectual leadership as he assumes a leadership role in the ecosystem of tokenized values.

“As the real world asset tokenization transforms capital markets, we believe that a reflective commitment to political leaders and regulators is fundamental,” said Nathan Allman, founder and executive director of Ondo Finance.

“The incomparable leadership decades of President Mchenry in the formulation of financial services policies and their commitment to responsible innovation will be invaluable as we continue to build an infrastructure that connects traditional finances and blockchain technology.”

In a comment, Mchenry said:

“Real world asset token has the potential to unlock billions of dollars in value by making the markets more accessible and efficient. Ondo Finance has emerged as a clear leader in this space with a reflexive approach to work within the existing market infrastructure. ”

The increasing presence of Ondo Finance as a leader financial platform based on blockchain has grown in recent months. In particular, the real world asset platform took an important step to consolidate it with the presentation of its Ondo Chain.

Announced during the Ondo Summit at the beginning of February, Ondo Chain is a layer 1 Blockchain designed to accelerate the institutional adoption of chain finance.

The role of Mchenry in the cryptocurrency company will include making Ondo the leader of digital assets in this space.