Former Bloomberg CTO joins cryptocurrency platform Celsius Network

Source: Celsius

Syed Fazil, former CTO of Bloomberg Tradebook, has joined the executive team of Celsius Network, a P2P Proof-Of-Stake borrowing and lending platform running on the blockchain.

Fazil started his career with Dow Jones before spending the majority of his career at Bloomberg in various engineering roles where he lead a large engineering team spanning multiple continents and timezones. While at Bloomberg, Fazil streamlined operations by implementing agile development methodologies and moving legacy software systems to open-source environments. He also implemented Tradebook’s US Equity matching engine which included a smart order router that achieved 150X greater order flow.

Alex Mashinsky, CEO of Celsius Network: We’re very excited to have Syed join the team. His deep background in both Development and Finance will provide us with much needed expertise in this quickly evolving industry. Syed will be able to help us employ predictive analytics to the digital currency market in the same way he helped Bloomberg’s trading clients with their STAZ technology.

Syed Fazil: I look forward to bringing my experience and knowledge to this burgeoning industry in order to build truly innovative products that are still desperately needed in the digital currency space. I look forward to helping millions of people across the world get access to badly needed credit.

About Celsius: Celsius is a community-based P2P startup providing borrowing and lending to digital currency holders. Members of the Celsius network will be able to receive loans in dollars using their digital currency as collateral. In the future, members will also be able to deposit their digital currency into their Celsius wallet in order to earn interest when their coins are lent out. Celsius plans to bring a new wave of financial products to the digital currency market designed, for the first time, to always do what’s in the best interest of its members instead of trying to make as much profit as possible.

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