SAN FRANCISCO–(BUSINESS WIRE)–It is with great joy that we introduce the newest member of the Sperax team — Harvard Business School Professor Marco Di Maggio. Prof. Di Maggio is joining Sperax as our Chief Economist, and brings with him extensive knowledge and experience in financial and economic academia and the blockchain industry. Prior to joining Sperax, he was a core researcher at Terra, working on the economic design of the protocol, stability and incentive mechanisms, and more.
Prof. Di Maggio teaches Business Administration at Harvard Business School. His research lies primarily in how data can be best utilized to address pressing and impactful issues. Di Maggio holds a PhD in Economics from MIT, where he studied Financial Economics and Macroeconomics. He is also a faculty research fellow at the National Bureau of Economic Research. Prior to Harvard, he was a faculty member at Columbia Business School.
As the Sperax Chief Economist, Di Maggio will lead our team of top economists in the finishing, launch, and further development of our stablecoins and BDLS protocol. Stay up-to-date on the work of Prof. Di Maggio and the Sperax team! You can connect with professor and Sperax on Twitter @ProfDiMaggio and @sperax_io, respectively.
Full bio: Marco Di Maggio is the Adebayo O. Ogunlesi Associate Professor of Business Administration in the Finance Unit at Harvard Business School and a faculty research fellow at the National Bureau of Economic Research. Before joining Harvard, he was a faculty member in the Finance and Economics Division of Columbia Business School. Professor Di Maggio’s current research focuses on financial intermediation, with a particular focus on how new technologies have disrupted financial markets and the effects on firms and individuals. His work has been published in leading academic peer-reviewed journals such as the American Economic Review, the Review of Economic Studies, Journal of Finance, Journal of Financial Economics, and the Review of Financial Studies, and has been widely cited by outlets such as the Wall Street Journal, The Economist, Bloomberg, Institutional Investor, and Forbes. In 2016, Poets and Quants named him to its list of the Best 40 Under 40 Business School Professors.
Founded in 2019, Sperax is missioned to connect everyone with its modern money platform. Sperax provides a hybrid stablecoin, USDs, on top of its BDLS public blockchain. A combination of crypto-collateralized stablecoins and dual token algorithmic stablecoins, USDs is a highly scalable, trustless and decentralized stablecoin that operates fully on-chain. USDs serve both purposes of wealth preservation and passive income generation. Sperax is backed by Outlier Ventures and FBG Capital.