Paul Brody is EY‘s World Blockchain Chief and Chair of the Enterprise Ethereum Alliance, main the skilled providers agency’s blockchain technique since 2015 and constructing open-source instruments together with the Dusk privateness community and the Starlight zero-knowledge compiler.
Who Is Paul Brody?
Paul Brody accomplished his early training at Colorado Academy earlier than incomes a bachelor’s diploma in Economics and a certificates in African Research from Princeton College.
Brody started his profession at McKinsey & Co. in Los Angeles earlier than spending time at IBM, the place he served as Vice President and World Trade Chief for Electronics.
Throughout roughly 20 years in consulting and technique work spanning startups, McKinsey, and IBM, he constructed experience in cellular expertise, electronics, the Web of Issues (IoT), and provide chain operations earlier than becoming a member of EY.
For profiles of different builders shaping the Web3 trade, go to our crypto personalities web page.
Paul Brody’s Profession and Contributions
Brody joined EY in 2015 as World Blockchain Chief, overseeing the agency’s blockchain technique and investments throughout its consulting, audit, and tax enterprise traces, with groups spanning the Americas, Europe, and Asia. He led EY’s first blockchain technique engagement, inspecting how digital providers, funds, and the Web of Issues have been converging into new ecosystems, and constructing a method and expertise roadmap for one of many agency’s main purchasers.
Beneath his management, EY has developed a number of notable blockchain instruments, together with the OpsChain tokenization platform and Blockchain Analyzer analytics instruments, in addition to the Dusk privacy-enabled Ethereum Layer 2 community and the Starlight zero-knowledge compiler, each of which have been contributed to the general public area for the broader Ethereum neighborhood.
Brody additionally co-authored the 2023 e-book Ethereum for Enterprise: A Plain-English Information to the Use Circumstances that Generate Returns from Asset Administration to Funds to Provide Chains.
Brody additionally serves as Chair of the Enterprise Ethereum Alliance, a corporation that brings collectively firms, builders, and trade leaders to construct open requirements, making blockchain techniques extra interoperable and simpler for enterprises to undertake. Beneath his management, the EEA has emphasised real-world use instances for Ethereum-based options that work alongside present enterprise techniques slightly than changing them outright.
Paul Brody’s Views and Positions
Brody has argued that stablecoins, not Bitcoin, signify blockchain’s greatest near-term use case. He famous that the Ethereum ecosystem processed $2 trillion in stablecoin funds in a single month, greater than 99% of it denominated in US {dollars}, calling stablecoins “the killer app” that brings mainstream customers on-chain, corresponding to what e-mail did for the web.
He has pointed to rising markets dealing with excessive inflation because the earliest and strongest supply of stablecoin demand, alongside cross-border remittances, the place conventional transfers can take days and incur vital charges, in contrast with near-instant, near-free stablecoin transfers between smartphone customers.
On the talk between stablecoins and central financial institution digital currencies, Brody has argued that the US doesn’t want a CBDC if well-regulated, totally backed stablecoins exist as an alternative, saying regulatory safeguards ought to merely affirm {that a} greenback represented on-chain is backed by an actual greenback or an equal asset held in reserve.
He has been brazenly skeptical of CBDC initiatives typically, saying in interviews with central bankers he has discovered many “don’t know why they’re doing this” past aggressive strain from private-sector initiatives.
Brody has additionally assessed how blockchain expertise threatens or advantages totally different elements of the banking sector. He has stated banks incomes income primarily from bank card transaction processing face the best danger, given the hole between typical 3% to 4% swipe charges and near-zero stablecoin switch prices, whereas regional banks centered on company finance are much less uncovered.
He has described main custody banks, naming BNY Mellon and JPMorgan as examples, as dealing with each a menace and a considerable alternative, since companies already custodying shopper belongings are properly positioned to supply tokenization providers on prime of their present custody providers.
On good contract adoption extra broadly, he has stated the primary barrier is that public blockchains nonetheless lack built-in privateness, evaluating the present second to the early web earlier than encryption existed, and arguing that is additionally why personal, permissioned blockchains have struggled since contributors inside them nonetheless can’t totally conceal delicate info like pricing from one another.
Talking at Money20/20 of the YouTube channel “The Financial institution Tellers Podcast” in September 2025, Brody urged that banks may act as “portals” for purchasers navigating DeFi, serving to protect the belief and steerage folks count on from conventional monetary providers whereas nonetheless enabling entry to newer platforms. He has stated his broader objective is making certain “open, decentralized and actually public blockchains are profitable,” slightly than closed or personal options.
Readers fascinated by how stablecoins are reshaping cross-border funds particularly can discover extra in our protection of 5 methods stablecoins make cross-border funds quicker.
Incessantly Requested Questions
Want a refresher? Listed here are the questions readers most frequently ask about Paul Brody.
What’s Paul Brody’s function at EY?
Paul Brody has served as EY’s World Blockchain Chief since 2015, overseeing the agency’s blockchain technique and investments throughout its consulting, audit, and tax enterprise traces. He has led the event of instruments together with the OpsChain tokenization platform, Blockchain Analyzer, the Dusk privateness community, and the Starlight zero-knowledge compiler.
What’s the Enterprise Ethereum Alliance and what does Brody do there?
The Enterprise Ethereum Alliance is a corporation that brings collectively firms, builders, and trade leaders to construct open requirements for enterprise blockchain adoption. Brody serves as its Chair, specializing in making Ethereum-based techniques extra interoperable and sensible for real-world enterprise use.
Why does Paul Brody assume stablecoins matter greater than Bitcoin for funds?
Brody has pointed to the Ethereum ecosystem processing $2 trillion in stablecoin funds in a single month, with greater than 99% of the funds denominated in US {dollars}, as proof that stablecoins, not Bitcoin, are driving precise transaction quantity. He has referred to as stablecoins blockchain’s “killer app,” corresponding to what e-mail did for the web.
What does Paul Brody take into consideration central financial institution digital currencies?
Brody has argued that the US doesn’t want a central financial institution digital foreign money if well-regulated, fully-backed stablecoins can be found as an alternative, and has stated in conversations with central bankers that many couldn’t clarify why they have been pursuing CBDC initiatives past aggressive strain.
Which banks does Paul Brody assume are most in danger from blockchain expertise?
Brody has stated banks that earn most of their income from bank card transaction processing face the best danger, given the hole between typical swipe charges and near-zero stablecoin switch prices. He has described main custody banks as dealing with each dangers and alternatives, since they’re properly positioned to supply tokenization providers utilizing belongings they already maintain in custody.