David Sutter
United States, United States
Chief Executive Officer, Co-Founder at OpenTrade | Chief Executive Officer, Co-Founder at OpenTrade
Summary
Dave Sutter is an experienced entrepreneur, executive, builder, and expert in the area of distributed ledgers, blockchain, and crypto technologies and global trade, payments, and transaction banking. He is a veteran of the industry who has pioneered the technology's application in financial services, specifically in asset tokenization, stablecoins, and transaction banking. Over his career, Dave has worked with the world’s leading financial institutions, technology providers, corporations, industry bodies, and governmental agencies from around the globe on designing, building, implementing, and scaling market-leading applications, networks, and ecosystems for financial services and markets. He has deep connections in both financial services, banking, and the blockchain industry, being one of the first people in the blockchain space to abstract away the core technology behind cryptocurrencies and begin applying the technology to mainstream financial services like payments and global trade. He is world renowned thought-leader and has spoken at events around the world. Dave is a graduate of Washington University in St. Louis and currently resides in London UK.
Chief Executive Officer, Co-Founder
OpenTrade
1 Jan 2023 - Present
3yrs 7mos
London, England, United Kingdom
OpenTrade is an institutional grade platform for digital dollar lending and yield products. We provide a technology platform, blockchain protocol, API, legal framework, and bankruptcy remote banking and custody infrastructure that enables Web2/Web3 Fintechs to offer white-labeled and fully embedded yield products to their customers and better manage their own treasury.
Head of Network Strategy
Centre
1 Jul 2022 - 31 Jan 2023
6mos
London, England, United Kingdom
Centre is a joint venture between Circle and Coinbase that governs USDC, the world’s second largest stablecoin by market capitalization. Role focused on network strategy, growth, standards, and governance for Centre stablecoins including USDC. - Performed due diligence on blockchains before USDC launched natively on them - Created stablecoin Issuer risk assessment framework - Created standards for management of fiat reserves backing Centre stablecoins - Participated in Centre smart-contract audits and security patches - Assisted in USDC contract upgrade post ETH-merge - Defined the Verite governance model, a scalable governance framework for verifiable credentials
Marco Polo Network (formerly TradeIX)
1mo
Chief Product Officer
1 Nov 2019 - 31 Jan 2023
1mo
London, United Kingdom
In this role, Dave was responsible for the company’s product development, product delivery, product roadmap, and platform, network, and ecosystem strategy. He bridged the gap between the business and technology, ensuring the company’s objectives and strategy translated into production-grade code. - Delivered an entire enterprise software platform and three bank-grade, blockchain-powered products into production with 30 financial institutions and their corporate customers, starting from 0 lines of code - Built and managed a team of 30 Product professionals who interfaced with over 100 software engineers - Responsible for building, releasing, and supporting world class enterprise products to regulated financial institutions and multi-national corporations - Oversaw large, complex architectural initiatives, including network infrastructure and management. - Worked closely with customers to define standards, ensure the products and network meet end customer needs, and in doing so, drive exponential growth and adoption. - Winner of “Best DLT Platform for Trade Finance - 2021” and “Top Innovation in Trade Finance - 2021” from Global Finance Magazine. - Instrumental in company’s fundraising efforts – raised over $100M in +5 rounds from firms like Accenture, SAP, SMBC, BNP Paribas, ING, SBI Holdings, Tech Mahindra, LBBW, www.marcopolonetwork.com
Chief Strategy Officer
1 Jan 2018 - 30 Nov 2019
1mo
London, United Kingdom
As Chief Strategy Officer, Dave was responsible for developing, communicating, executing, and sustaining the company’s technology, platform, network, and business model strategy. - Founded the Marco Polo Network, the world’s largest and fastest growing blockchain based trade and supply chain finance network - Worked with over 30 financial institutions, large corporates, technology companies from around the world to establish the Marco Polo Network’s product strategy, vision, governance structures, and product roadmap. - Technical founder of the Universal Trade Network, now the ICC’s Digital Standards Initiative, the world’s leading industry body for digital standards in global trade. The UTN and DSI were key contributors to efforts leading to the passage of the Electronic Trade Documents Act (ETDA) of 2023, a monumental change to English law which governs the majority of cross-border trade. ETDA enables trade documents like bills of lading, promissory notes, warehouse receipts, bills of exchange etc to be issued digitally native, including on blockchains . www.marcopolonetwork.com
Head of Platform Strategy
1 Apr 2017 - 30 Sept 2018
1mo
London, United Kingdom
Responsible for developing, communicating, executing, and sustaining the company's technology, platform, network, and business model strategy. The Marco Polo Ntwork is the world’s leading provider of technology for global trade and supply chains. We enable our customers, partners, and stakeholders to transact and exchange data smarter, faster, safer, and with more transparency. Our exceptional team of visionaries, trailblazers and builders empowers our ecosystem to digitally connect, conduct, and finance trade and supply chains in entirely new and transformative ways. www.marcopolonetwork.com
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