The group brings together stakeholders from traditional and digital finance to advise on the growing role of technologies such as blockchain and artificial intelligence in commodity and derivatives markets.
Sergei Nazarov, co-founder of Chainlink, a decentralized oracle network that connects smart contracts to external data sources, has been appointed to the Commodity Futures Trading Commission’s Innovation Advisory Board.
The committee, established by CFTC Chairman Michael Selig, will convene leaders from traditional finance and the digital asset industry to guide the CFTC on emerging technologies.
“It’s great to see the CFTC actively engaging with industry to develop clear rules that enhance innovation and strengthen America’s leadership in global markets,” said Nazarov.
The Oracle network has facilitated over $25 trillion in transaction value and is currently targeting institutional adoption through data feeds and cross-chain interoperability tools. Its infrastructure enables financial institutions and decentralized applications to operate across multiple blockchains by linking on-chain systems to real-world information.
Nazarov co-founded the project in 2017 after previously working on peer-to-peer marketplaces and venture investing, joining representatives from organizations including Nasdaq, CME Group, Intercontinental Exchange, Coinbase and Robinhood as the committee aims to balance innovation and market health.
