Fiat Republic, the specialist BaaS platform that bridges web3 and banks, announces the appointment of two industry experts as Non-Executive Directors to the board of its Dutch subsidiary.

Published On : 08/17/2022

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London, 12 August 2022, 9am GMT: Fiat Republic, the specialist Banking-as-a-Service (BaaS) platform that bridges web3 and traditional banks, today announces the appointment of Dagmar van Ravenswaay Claasen and Koenraad Dom as Non-Executive Directors. They will provide support and guidance as Fiat Republic focuses on expanding its strategic partnerships with both crypto providers and tier one banks.

Dagmar van Ravenswaay Claasen has years of experience working in fintech, particularly in the governance and compliance sectors. She is currently a Venture Partner at the Borski Fund, tackling gender equality in accessing capital for tech, and she is also ex-DNB where she guided the National Bank on its integrity and sustainability strategy. Dagmar spent a number of years as Director Regulatory Affairs at fintech platform Adyen, which saw her contribute significantly to their growth strategy. 

Koenraad Dom joined the global crypto exchange Bitstamp as Chief Risk Officer in 2019, playing a pivotal role in engaging with both regulators and banks. With an excellent track record of scaling startups, he has been working in the crypto industry since 2014 and brings with him a strong background in risk management, as well as banking and capital markets.

These two industry experts will bring invaluable expertise and experience to the Fiat Republic Board in the Netherlands.

Commenting on the two new joiners, Adam Bialy, Founder and CEO said: “We’re delighted to welcome Koenraad and Dagmar to the Board and look forward to leveraging their extensive experience from both the world of traditional finance, and that of crypto, to help us deliver the most robust compliance-first payments and banking platform for the crypto industry. Being able to attract individuals to our Board of the calibre of Koenraad and Dagmar is a true validation from the wider industry that Fiat Republic is building a systemic solution needed to solve a systemic problem. These appointments also demonstrate our commitment to the Netherlands as a regulatory regime and fintech ecosystem that we believe in. Despite the recent downturns in global markets, there is a huge opportunity ahead of us at the intersection of banking and crypto, and I firmly believe now is the perfect time for bold plays like ours to emerge and start tackling the very evident crisis of trust between the two industries.”

“While working in the crypto markets, I have witnessed first-hand the obstacles and challenges of getting access to reliable fiat payments rails. I was thrilled to see Fiat Republic’s compliance-first, fiat-as-a-service solution addressing this problem. Their platform has compliance in their DNA and their ability to give banks visibility of the money flows, both on-chain and off-chain, is helping to solve very urgent issues crypto platforms are experiencing, including payment delays and constant threat of de-banking. I look forward to sharing my experience with the fellow board members of Fiat Republic Netherlands on how to scale this tech-driven solution” Koenraad Dom said.

Dagmar van Ravenswaay Claasen adds: “Having operated both on the TradFi side at DNB and on the fintech side at Adyen, I have seen the explosive potential when the two worlds of fintech and traditional banking can connect and collaborate. As such, I was thrilled at the opportunity to join the board at Fiat Republic, Netherlands. They are sat right at the intersection of banks and crypto, providing the trusted bridge needed to foster collaboration. Fiat Republic’s philosophy to solve this problem, which revolves around integrity, transparency and trust resonates with my own values and I’m delighted to help support them on their journey to being the de facto platform for fiat rails access.”

About Fiat Republic 

Fiat Republic is a fintech, headquartered in London, with subsidiaries in the Netherlands and in Canada, with a mission to bring banking to web3 through their web2.5, fiat-as-a-service platform. Their platform brings together crypto friendly banks allowing crypto platforms to easily create accounts in multiple currencies, access local payment rails and FX via a single API built with a developer-first ethos. With a strong focus on AML, compliance and security, Fiat Republic has a vision to more closely align traditional finance with crypto providers.

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