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Ava Labs names Charley Cooper president as John Wu moves to Senior Advisor. Cooper will lead Ava Labs' operations as Wu becomes a senior advisor and Lydia Chiu takes the CFO role, while Emin Gün Sirer remains CEO. Published 2 hours ago · Updated 3 hours ago Key Highlights * Charley Cooper has been appointed president of Ava Labs. * John Wu will transition from president to senior advisor. * Lydia Chiu has been appointed chief financial officer after serving as interim CFO. Ava Labs has made several changes to its executive team, appointing Charley Cooper as president while moving current President John Wu into a senior advisor role. The company also appointed Lydia Chiu as chief financial officer after she previously served as interim CFO. Founder and CEO Emin Gün Sirer announced the changes in a post on X on August 18, saying his own role as CEO would remain unchanged. He said he would continue overseeing Ava Labs' long-term direction and Avalanche's development. The statement also reiterated the company's focus on infrastructure for blockchain developers, institutions and enterprises. Charley Cooper takes over as president. Cooper will take over the president role with a background spanning crypto policy, regulation and institutional markets. In a separate post on X, Cooper said he was grateful to Wu and the Ava Labs team for the work that had built the company's foundation over the past seven years. "I'm excited to step into the role of President at Ava Labs." Cooper said Wu's continued involvement as senior advisor would help provide continuity during the transition. Looking ahead, Cooper identified several areas he believes could shape the company's next phase, including the move toward 24/7 financial markets, tokenization and the growing use of artificial intelligence. Cooper said his focus would be on turning those developments into sustainable business growth rather than simply expanding the company's activities. He added that this would involve greater operational focus and closer engagement with builders, partners, customers and the Avalanche community. John Wu moves to Senior Advisor. Wu will remain with Ava Labs after stepping down as president, taking on a Senior Advisor role focused on long-term strategy and relationships with financial institutions. In his announcement, Wu said he intends to continue working on Avalanche's relationships across Wall Street and Silicon Valley, while also spending more time with his family. Wu also reflected on his seven years at Ava Labs, describing how the company developed from a small team working out of Brooklyn into an organization with more than 200 employees. "It was not so long ago when we were a team of ten Cornellians working out of a modest office in Brooklyn." Wu made these remarks in the same X post announcing his transition. He said the company's institutional relationships have changed significantly since he joined. Wu said the broader industry had moved past the question of whether blockchain could support real-world assets and was now focused on which products could be brought onchain and at what scale. He also thanked Sirer for their partnership and said he looked forward to continuing to work with Cooper and Chiu. Lydia Chiu becomes CFO. Ava Labs has also appointed Lydia Chiu as CFO, making permanent a role she had been holding on an interim basis. Chiu said she was proud to take on the position and credited Wu and Sirer with helping build the company. Chiu also highlighted Wu's role in building relationships between Ava Labs and traditional financial institutions. "In 2019, John was one of the only people who could sit across the table from Wall Street and be taken seriously as a peer, as a bridge to blockchain." She said Wu's transition would allow him to remain involved with the company and industry. Chiu added that she was looking forward to continuing to work with Sirer and Cooper. Institutional focus remains in view. The changes come as Ava Labs continues pursuing institutional applications for Avalanche, particularly in areas such as tokenization, financial markets, and enterprise blockchain infrastructure. Wu's comments suggest that relationships with traditional financial institutions will remain an important part of his advisory work, while Cooper's background in regulation and traditional finance could shape his approach to the company's operational strategy. For now, the transition is primarily a change in executive responsibilities rather than a departure from Ava Labs. The company will now enter its next phase with Cooper leading day-to-day operations, Wu remaining involved as a strategic advisor, Chiu overseeing finance, and Sirer continuing as CEO. Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Ava Labs names Charley Cooper president and promotes Lydia Chiu to permanent CFO. The Avalanche developer reshuffles its executive bench as it scales toward institutional and enterprise markets 2 hours ago Via aws.amazon.com Sponsored: QZINO - Up to 5000 USDT Bonus! Claim Bonus Now! Ava Labs, the company behind the Avalanche blockchain, has appointed Charley Cooper as president and elevated Lydia Chiu to permanent chief financial officer. Who's coming in and what they bring. Cooper arrives with a resume that reads like a regulatory decoder ring. He previously held senior roles at the Commodity Futures Trading Commission, where his work centered on market infrastructure and regulatory policy. Prior to this appointment, Cooper served as chief operating officer at Ava Labs. His elevation to president represents a consolidation of executive authority rather than a lateral hire. Lydia Chiu's promotion follows a different arc. Her background spans finance and corporate development, and she has previously operated in business development functions at the company. Context: Ava Labs and the Avalanche ecosystem. Ava Labs was founded by Emin Gün Sirer, a Cornell computer science professor who had been researching distributed systems well before the term "DeFi" existed. The company launched the Avalanche mainnet in 2020 and has since built a multi-chain architecture designed to handle the throughput demands that enterprise deployments require. The network's approach centers on subnet architecture, which allows organizations to spin up customized, interoperable blockchains without inheriting the congestion problems of a shared public chain. John Wu has served as president prior to this transition, working alongside Sirer as CEO. Disclosure: This article was edited by Editorial Team. For more information on how Crypto Briefing create and review content, see its Editorial Policy.

South Korea's KB Kookmin Bank will use JPMorgan's blockchain in international payments. Article last updated 27/07/2026 PortalCripto https://portalcripto.com.br/ KB Kookmin Bank, South Korea's largest bank, is preparing a new international corporate payments service based on blockchain. The solution will be developed with Kinexys, JPMorgan's division dedicated to blockchain-based financial services. According to press reports local, the launch is scheduled for next month. The service will be available at KB Kookmin branches in South Korea and also at the Singapore unit. With the initiative, the bank will be the first South Korean financial institution to use Kinexys' blockchain payments network for settlements of corporate import and export transactions. Initially, the service will focus on transfers made in U.S. dollars. The operations are expected to involve ten markets. The list includes South Korea, the United States, Singapore, Saudi Arabia, India, Thailand, Qatar, the United Arab Emirates, Bahrain, and South Africa. Kinexys will allow the bank to use blockchain features in international financial operations. The platform offers programmable payments, asset tokenization, and near-real-time settlement for institutional clients. The move expands KB Kookmin's presence in the blockchain-based payments segment. In March, KB Kookmin Card announced a partnership with Avalanche to develop a hybrid stablecoin payments model. Other South Korean companies are also investing in this market. In April, NHN KCP signed a memorandum of understanding with Ava Labs. The agreement provides for the development of a layer 1 network focused on payments. The companies' movement shows the progress of blockchain-based solutions in the South Korean financial sector. The focus is mainly on international payments, settlement of corporate transactions, and new structures for moving digital assets.