Today, Proof of the Workforce Foundation, a 501(c)(4) tax-exempt non-profit, announced the addition of two distinguished members to its board of directors: Ajit Singh and Rafael Zagori, according to a press release sent to Bitcoin. magazine. The duo is brought on to further the foundation's mission of promoting meaningful, education-based Bitcoin adoption among workforce organizations.
Ajit Singh joins the Board of Directors from his current position as Chief Investment Officer of the Houston Firefighters Relief and Retirement Fund, a $5.1 billion pension fund and the first fund in the United States to add Bitcoin directly to its balance sheet in 2021. Singh has also served as Chairman of the Board Administration. Chief Risk Officer and Deputy Director for Information Technology at the United Nations Joint Staff Pension Fund (UNJSPF), he manages a global pension fund with approximately 144,000 participants across 25 UN member organizations.
“As organizations continue to learn about Bitcoin, I am excited to bring my experience to the board of the nonprofit Proof of Workforce,” said Singh. “Bitcoin was created for everyday workers, its greatest attributes discovered through meaningful learning. The Workforce Guide is well-equipped as a trusted resource for any organization, institution, state or city, seeking a strong, healthy workforce.
Rafael Zagori, chief investment officer and head of research at Swan Bitcoin, is also joining the board. Zagori is best known for creating the Nakamoto Wallet, an open source software tool that demonstrates the impact of Bitcoin on fund portfolios. His extensive background includes co-founding Open Co, a leading Brazilian fintech company, and holding executive positions at Goldman Sachs, Deutsche Bank, and Merrill Lynch in New York.
“This dynamic addition to our Board of Directors positions us as a top-tier global resource for any pension fund, labor union, workforce organization or government agency interested in meaningful, education-based Bitcoin adoption,” said Proof of Workforce Founder and President, Dom Bye. “Ajit and Rafa join us with a wealth of experience in both Bitcoin and traditional finance. From Ajit’s work in 2021, as the first CIO at a US pension organization to introduce Bitcoin directly to his wallet, to Rafael creating the first open source portfolio analysis tool.” For Bitcoin on the balance sheet, the Board's experience with Bitcoin firsts has broadly deepened.”
Proof of Workforce has already made great strides in promoting Bitcoin adoption. The foundation has played a pivotal role in helping Vacaville firefighters It became the second union in the United States to buy Bitcoin and hold it on its balance sheet, and helped Humboldt Bay firefighters become Third Union Let's do it. Internationally, the foundation has helped the Salvadoran firefighters' association, AproBomberos, also keep Bitcoin on their balance sheet.
JUST IN: 🇸🇻 The Salvadoran Firefighters Association AproBomberos is now officially held #Bitcoin On their balance sheet 👏 pic.twitter.com/4kiORBRbf1
— Bitcoin Magazine (@BitcoinMagazine) February 24, 2024
The Foundation's Board of Directors, which includes prominent Bitcoin figures Joe Karlasar, Lisa Hough, Chris Alaimo, and Magdalena Gronowska, has diverse experience in law, energy, multimedia, and mining. Additionally, the Foundation announced that Josh and Dan of Blue Collar Bitcoin will be stepping down from the Board of Directors, but will remain involved with the organization, and thanked them for their leadership and support while at the Foundation.
The Proof of Workforce Foundation says it provides all services at no cost. More information about the organization can be found on their website here.