Former Swift CEO Lazaro Campos joins OpenTrade as chairman
In short
Lazaro Campos, the former CEO of Swift, has joined OpenTrade as chairman. The company says it has $300 million in assets locked and more than $1 billion in yearly transaction volume.
This matters because a high-profile appointment can raise OpenTrade’s profile in stablecoins. The report does not say what Campos will do in the role or whether the business plans to change.
What the reporting says
Lazaro Campos joined stablecoin firm OpenTrade as chairman, according to the reported company update. CoinDesk says the London-based company has $300 million in assets locked and more than $1 billion in annual transaction volume. What is still unknown is whether the appointment changes OpenTrade’s strategy or funding plans.
Why it matters
The reported event is a board-level appointment at stablecoin company OpenTrade, with Lazaro Campos taking the chairman role. The company is described as London-based and as having $300 million in assets locked plus more than $1 billion in annual transaction volume. The reporting does not state why the appointment happened or whether it is tied to fundraising, expansion or product changes.