PRESS RELEASE

Crypto Industry Heavyweights, Dr Jane Thomason and Hartej Sawhney, join the Advisory Board at DeFi infrastructure project thestandard.io

25 August, 2021. thestandard.io, a new DeFi infrastructure project which aims to provide a bridge between traditional physical investments and digital assets has appointed two high-profile crypto industry figures to their Advisory Board – Dr Jane Thomason and Hartej Sawhney. 

 

thestandard.io issues liquidity to asset holders without selling the assets and makes inflation beneficial for savers, as loans effectively become cheaper to pay back. Users of participating vaulting facilities simply lock up their digital and physical assets in a smart contract which acts as collateral against loans that users can generate without any intermediaries: It will be a private Gold Standard 2.0 and can fundamentally change how people save and use their assets and money.

 

Dr Jane Thomason is a thought leader in technological innovation, fintech and blockchain for social impact. She was named by Forbes as a leader in Blockchain for Social Impact and is a published author. She holds a large number of academic and commercial positions and co-founded the British Blockchain and Frontier Technology Association. 

 

She said on her decision to join thestandard.io: “We live in an interesting time, with governments globally printing currency and therefore pushing massive inflation. Blockchain enables us to build a new decentralised financial system; with a new financial instrument backed by rare assets like gold and crypto, that protects value and allows people to borrow against their asset holdings, The Standard can fundamentally change how people save and use their assets as money.” 

 

Hartej Sawhney pioneered the smart contract security auditing space in 2015. He founded Zokyo, a venture studio that builds, secures and funds crypto, DeFi and NFT companies, and also co-founded Hosho, which was ranked #1 Smart Contract security Auditor in 2019 by Forbes. 

 

Joshua Scigala, Co-founder of thestandard.io and Vaultoro said:

“Hartej Sawhney is one of the biggest names in smart contract security auditing and we are delighted to have him on board to continue the same high security standards our team enjoyed at Vaultoro, which since its 2015 launch has never been hacked. Dr Jane Thomason brings an outstanding reputation and network with her and will be invaluable in advising on the Standard DAO’s decentralisation strategy, strategic partnerships in the legacy finance world and community building.  We are delighted to be announcing these appointments to coincide with the pre-market distribution which starts today. ”

ENDS

 

For further information contact:

 

Helen Moore

E: [email protected] 

M: +44 (0)7824 876516

 

Images of Dr Jane Thomason and Hartej Sawhney can be found here 

 

Notes for Editors

thestandard.io is a DeFi infrastructure protocol enabling users to generate stable cryptocurrencies by utilizing asset-backed loans without intermediaries.  The protocol focuses on physical and crypto-assets as collateral and will be entirely managed by the community of Standard Token holders, called the Standard DAO.  The project is backed by a partner network of precious metals dealers like Vaultoro, the world’s first bitcoin and gold bullion exchange operating since 2015.  Co-Founded by Joshua Scigala, of Vaultoro, and Laurin Bylica, formerly block.one, the founding team also includes Ana Valdes, Simon Morley, and Philip Scigala. 

 

Dr Jane Thomason Biography

 

Dr Thomason is a successful entrepreneur having founded and built a $250 million revenue consulting company. She is a thought leader in technological innovation, FinTech and blockchain for social impact. Recognised in Forbes Magazine (2018) as a leader in Blockchain for Social Impact, Dr Thomason authored the book Blockchain Technologies for Global Social Change.  She has consulted to multiple international organisations on digital transformation, sustainability and ESG, including to the Commonwealth Secretariat on the preparation of a FinTech Toolkit for Central Banks, and prepared and presented a Technical Paper on Blockchain and Sovereign Bonds for Commonwealth Ministers of Finance meeting in 2019.  She is a Co-Founder of the British Blockchain and Frontier Technology Association, and Section Chief Editor Blockchain for Good: for the journal Frontiers in Blockchain. In 2019-2020, she convened London FinTech Week, London Blockchain Week and London Digital Impact Week. She is a regular blockchain hackathon judge and mentor and mentors social impact startups.




Hartej Sawhney Biography

 

Hartej Sawhney is a crypto investor, advisor, and operator, with a strong knowledge of blockchain engineering, blockchain security, decentralized finance (DeFi), and NFT’s.  As an industry pioneer, Sawhney has played a key role in elevating standards in the digital asset ecosystem and introducing products and services that set the industry benchmark for security, transparency, and compliance. His efforts have been recognized as paving the way for the ongoing institutionalization of the industry.

Advisory board update for The Standard Crypto DAO

thestandard.io launches with the aim of creating an alternative to retail banking

The executive team, which made Vaultoro successful, announces their new project – a DeFi lending protocol using gold and crypto to generate the first algorithmic Euro stablecoin.

June 24, 2021  thestandard.io, a new DeFi infrastructure project which aims to provide a bridge between traditional physical investments and digital assets has been announced. Co-Founded by Joshua Scigala, of Vaultoro, and Laurin Bylica, formerly block.one, thestandard.io is a new Ethereum protocol which will allow users to generate a variety of fiat pegged stable cryptocurrencies backed by physical and digital assets.

The Standard will first launch the Standard Euro stablecoin, created for peer-to-peer transactions without volatility risk or financial intermediaries. While fiat currencies are governed by central banks behind closed doors, the issuance of stable cryptocurrencies is governed by an open and decentralized community of Standard Token holders, the protocol’s native governance token. 

Inflation is a huge issue around the world, with US inflation at around 5%, and many other countries seeing their currencies quickly weaken on the international currency market. For many ordinary people it means their fiat savings are losing their value over time. It is no surprise that savers are flocking to hard assets like gold bullion, with around $10.4 trillion worth of gold currently sitting in vaulting facilities around the world storing value and gathering dust. 

thestandard.io solves both issues. First, it makes inflation beneficial for savers, as loans effectively become cheaper to pay back. Second, it issues liquidity to asset holders without selling the assets. 

Users of participating vaulting facilities simply lock up their digital and physical assets in a smart contract which acts as collateral against loans that users can generate without any intermediaries.

The Standard Co-Founder and former CEO of Vaultoro Joshua Scigala said, “We don’t need to wait for governments to create a gold standard, we are building a protocol that lets you create your own – a private Gold Standard 2.0. We are confident that thestandard.io can fundamentally change how people save and use their assets and money.” 

His Co-Founder Laurin Bylica added, “thestandard.io is more than a lending platform. It will create a new and fairer alternative to retail banking, ultimately enabling anyone to save in rare assets and spend in fiat without selling their savings. Retail banking will have a new competitor, we call it decentralized asset-backed banking. 

The founding team also includes Ana Valdes, Simon Morley, and Philip Scigala. 

thestandard.io is a DeFi infrastructure protocol enabling users to generate stable cryptocurrencies by utilizing asset-backed loans without intermediaries. The protocol focuses on physical and crypto-assets as collateral and will be entirely managed by the community of Standard Token holders, called the Standard DAO. The project is backed by a partner network of precious metals dealers like Vaultoro, the world’s first bitcoin and gold bullion exchange operating since 2015. 

 

ENDS

 

For further information contact:

Helen Moore

E: [email protected] 

M: +44 (0)7824 876516