Kirstjen Nielsen To Advise on Global Risk Environment, Cybersecurity, and Policy and Regulatory Matters, Will Offer Guidance on Astra’s Current $100M Raise
ZURICH, SWITZERLAND / ACCESSWIRE / April 27, 2022 / Astra Protocol, the leading global decentralized compliance solution for the growing web3 economy, is adding prominent former U.S. Department of Homeland Security Secretary Kirstjen Nielsen to its roster of impressive strategic advisors.
An attorney and internationally recognized expert in ‘risk and resilience’ and cybersecurity, Ms. Nielsen served in a number of senior roles in the U.S. government over the last twenty years, including Principal White House Deputy Chief of Staff and as Secretary of the U.S. Department of Homeland Security (DHS). She served as a member of the National Security Cabinet and as Secretary she oversaw 240,000+ DHS law enforcement, civilian, and military employees and oversaw the development and expenditure of its $70 billion annual budget.
Ms. Nielsen’s breadth of experience in the private and public sectors provides her with a unique perspective across complex policy and enterprise environments. Ms. Nielsen’s role will be to advise Astra Protocol on the global risk environment, emerging cybersecurity risks, and policy and regulatory matters. She will also support Astra as it carries out its current $100 million raise, with its current valuation of $500 million.
“Ms. Nielsen’s vast experience at the tip of the spear of the United States’ homeland security apparatus brings a valuable and important skillset to Astra Protocol’s strategic advisory team. Having been in charge of a key part of the U.S. Government, Ms. Nielsen will play an essential role in helping us efficiently navigate an ever-changing governmental and regulatory landscape while forging new institutional partnerships,” said Phil Hogan, head of Astra Protocol’s advisory board. Last week Astra Protocol announced former U.S. House member and acting White House Chief of Staff Mick Mulvaney would also be joining Astra as a strategic advisor.
The regulatory landscape has become more obscure, which can put firms and projects in the Decentralized Finance (DeFi) ecosystem at risk of unknowingly running afoul of the rules. Astra Protocol will support the DeFi ecosystem’s exponential growth by facilitating regulatory compliance without compromising on decentralization or security thereby enabling DeFi to become mainstream. Astra’s one-of-a-kind Decentralized Legal Network (DLN) is an ecosystem that includes major legal and audit firms from around the world providing the best KYC/AML services in the industry. Its DLN covers jurisdictions in 155 countries, ensuring protocols can remain in compliance with regulations almost anywhere on the planet. The protocol is designed to serve as a decentralized legal layer, designed and built to verify information in different settings. Its patented technology layer selects the most suitable experts to examine the evidence, data, or contractual information and return an unbiased decision based on their findings.
Last week, BlackRock Chairman, Larry Fink, announced, “BlackRock is studying digital assets and their underlying technologies to understand how they can help us serve our clients.”
Astra has emerged as the preeminent solution for compliance and anti-money laundering in the Crypto and DeFi space, has secured funding from crypto and DeFi heavyweights, and is in discussions with the world’s largest VCs. They see Astra as the most credible solution, as they look to gain entry into the web3 economy.
“The growth trajectory of new technology adoption often hinges on the technology’s ability to provide seamless compliance, security, and privacy. Astra is providing a solution to do just that with little user friction thereby enabling a continued growth trajectory in DeFi,” says Nielsen.