Marinade Appoints Ex-Fidelity, BNY Mellon Exec Hadley Stern As Chief Commercial Officer

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Marinade, Solana’s first liquid and native staking protocol, has announced the appointment of Hadley Stern as Chief Commercial Officer.

Stern’s previous roles include the Global Head of Digital Asset Custody at the banking giant BNYM and the founding President at Fidelity Digital Asset Services.

In 2014, he led the launch of the Bitcoin Incubator at Fidelity Investments, which resulted in a series of major developments.

These include a Bitcoin mining operation, Bitcoin donations to Fidelity Charitable, and the founding of Fidelity Digital Asset Services.

According to the press release Stern will lead initiatives to strengthen the protocol’s position as a Solana staking solution.

Michael Repetny, CEO of Marinade Labs, noted Stern’s “deep understanding of digital asset management” and “unique insights.”

He commented that Stern’s inclusion into the team represents “a huge milestone” for Marinade and the Solana community.

“With Stern onboard we are confident Marinade will be the leading staking option for institutions with enhanced rewards, best decentralization, and best security model,” Repetny said.

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To solidify decentralized finance (DeFi) as the standard system for financial services, Marinade argued, DeFi projects must appeal to retail and institutional investors.

Stern, they added, brings significant digital asset custody and traditional finance experience.

As such, he will be able to help blockchain technology achieve institutional adoption and Marinade become the staking market solution for any global