Gallant Exchange adds Bob Cavnar as CSO
Offshore trading firm Gallant Exchange has announced the appointment of Bob Cavnar as its new Chief Strategy Officer.
The move comes just three weeks after Gallant added former Nasdaq Futures Exchange CEO Rick Beaman as the crypto platform’s new President, as was exclusively reported by FNG.
Bob Cavnar is the former President of Mercantile Global Holdings, Inc. (MGH), the parent company of the San Juan Mercantile Exchange. He is a longstanding senior executive in the energy and technology industries, holding positions of chairman, director, chief executive officer, chief operating officer, chief financial officer and president in public and private companies. Mr. Cavnar brings over 30 years of C-suite experience in strategy, startups, financial structures, capital markets, governance, and corporate transactions to Gallant Exchange.
“I am very pleased to join a dynamic, innovative company that combines the technology of digital assets with the excitement of global sports. We are bringing corporate best practices to the company as we build a singularly unique platform in the digital asset ecosystem.” – Bob Cavnar, Chief Strategy Officer, Gallant Exchange
Mr. Cavnar joins Gallant for the company’s market entry and inaugural trading competition launching this August. Gallant’s trading competitions feature utility Athlete Memorabilia Coins (AMCs) for users to trade, compete, and win high-valued collectibles of their favorite athlete, which will increase in frequency and value as the company grows.
The Gallant Exchange is designed for fans and athletes, first, built to support the trading of Athlete Memorabilia Coins (AMCs) as well as the largest digital assets. Athlete Memorabilia Coins are minted on the ERC20 protocol, tradeable on the Gallant platform, and increase or decrease in value subject to market forces. Users can enter into trading competitions, contests, or raffles for real-world collectibles and memorabilia of the respective athlete as a coin holder; in time, Gallant aims to provide more lucrative ‘experience’ prizes, providing fans direct interaction with their favorite athlete. When the value of the prize increases, so do the parameters of qualifications to win.
“I am very excited to welcome Bob onboard to the Gallant Exchange as the Chief Strategic Officer. Bob brings with him 30 years of executive experience and a deep passion for business startups, turn arounds, and most recently as the President of Mercantile Global Holdings.” – Rick Beaman, President, Gallant Exchange
Gallant said that it intends to provide endorsed or “Athlete Backed” Coins by working with athletes directly to provide fans ownership in an athlete’s contract value, business ventures, or endorsements. Gallant’s Initial Player Offering (IPO), seeks to provide direct investment opportunities by tokenizing an athlete’s contract or future endeavors.
Gallant currently accepts digital asset payments including Bitcoin, Ether, Litecoin, and USDC; users may withdraw to USDC or their preferred digital asset as wanted.