ZK International Group Co., Ltd. , a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, today announced that xSigma Corporation, a wholly owned subsidiary of the Company, has appointed Jesse Brauner as Senior Engineer. Mr. Brauner joins xSigma with nearly a decade of experience in various technical capacities in the fields of finance, trading, digital payments and cryptocurrencies.
Prior to joining xSigma, Mr. Brauner was Senior Software Engineer to Ripple Labs, the parent company behind XRP, where he played an important role in scaling the On-Demand Liquidity product from a proof of concept to a platform supporting multiple fiat currencies and processing $500 million in XRP payments per month. Mr. Brauner’s career includes experiences with top financial companies as SoFi, Abel Noser Solutions and JPMorgan Chase. He holds a BSE Degree in Industrial and Operations Engineering from the University of Michigan.
xSigma has recruited some of the brightest people in blockchain to spearhead the development of its DeFi protocol, which is set for launch in early 2021. The xSigma team currently includes Alex Lebed, an engineer who previously served at Facebook, Amazon and 1inch. Kamal Obadd, a Harvard graduate and former Google engineer, is also on the team alongside former Ripple and Google engineer Daniel Garay. Together, these professionals are launching one of the first DeFi protocol backed by a publicly traded company. ZK International trades on the NASDAQ stock exchange (Nasdaq: ZKIN) and is a reporting company with the U.S. Securities and Exchange Commission. These associations bring a new level of legitimacy and transparency to the DeFi sector.
It is anticipated that 2021 is going to be an exciting year for the DeFi sector as indicated by Dr. Iwa Salami, senior lecturer in financial law and regulation at the University of East London, has stated in the forkast that “DeFi is likely to continue to grow over the next 12 months for the following reasons: DeFi has the potential to facilitate financial inclusion by opening access to financial products to the world’s 1.7 billion unbanked people as it allows just about anyone to get a loan”. xSigma is building a world-class team to deliver an innovative, user-friendly ecosystem for traders and liquidity providers.
“We are very excited to have Jesse join the xSigma family and we believe that his background in financial software development, combined with his hands-on experience at one of the world’s largest cryptocurrency companies, will assist xSigma in building the most trusted decentralized products on the market today,” said Mr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International.