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Brian Brooks Joins Axelar Foundation to Advance Blockchain Interoperability
Coin WorldThursday, Mar 6, 2025 7:52 am ET
1min readBrian Brooks, a prominent figure in the financial and blockchain sectors, has joined the Axelar Foundation as an institutional advisor. Brooks, who previously served as the Acting Comptroller of the Currency of the United States, brings a wealth of experience in regulatory clarity and institutional adoption of blockchain technology. His appointment to the newly formed Institutional Advisory Board of Axelar Foundation is seen as a significant move to advance the growth and adoption of the Axelar Network, a decentralized blockchain interoperability platform.
Brooks emphasized the importance of decentralized blockchain interoperability in expanding access to the US dollar via stablecoins. He noted that the digitization and tokenization of financial assets are crucial for ensuring US resilience and global competitiveness. For this to be successful, tokenized assets need to be accessible across all blockchains, making blockchain interoperability a critical technology. Brooks highlighted that the interoperability stack can only scale when its foundations are secure, decentralized, and open-source, allowing anyone to integrate around them. He praised Axelar Network as the most advanced interoperability platform, uniquely suited to interconnect Web3 and traditional finance.
With regulatory clarity on the horizon,
are increasingly making the business case for stablecoins and other tokenized real-world assets on blockchains. As they prepare innovative, globally available financial products, their need to interconnect multiple public and private blockchains has been documented by Axelar Foundation and Metrika in a white paper titled "Institutional Interoperability." This white paper includes insights from major financial institutions such as , , , and Northern Trust.Georgios Vlachos, co-founder of Axelar protocol and director at Axelar Foundation, welcomed Brooks' appointment, stating that Brooks has been a leading voice for clear regulation and institutional use cases for decentralized blockchain technology. As an advisor, Brooks will be a tremendous partner in advancing blockchain interoperability infrastructure and tooling that accelerates compliant stablecoin availability worldwide.
Brooks' extensive career includes serving as the Acting Comptroller of the Currency, where he was the administrator of the federal banking system and chief officer of the Office of the Comptroller of the Currency (OCC), supervising institutions responsible for approximately 70% of all US banking business. He also served as the chief legal officer at Coinbase, executive VP and general counsel of Fannie Mae, CEO of Bitfury, and on the
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