Paul Faecks is a blockchain entrepreneur known as the Founder and CEO of Plasma, a Layer 1 blockchain designed for stablecoin payments. Before founding Plasma, he co-founded and led Alloy, a platform for institutional digital asset operations, and began his career in the digital asset space at the research division of the crypto derivatives exchange Deribit. ^{[1] [2]}​

Education

Paul Faecks pursued undergraduate studies at Technical University of Munich, where he earned a Bachelor of Science in Technology and Management between 2018 and 2022. During the same period, he also studied philosophy at Ludwig Maximilian University of Munich, completing a bachelor’s degree in the field from 2019 to 2022. ^[3]

Career

Early Career

Paul Faecks began his career in business development and crypto-related roles. Between 2017 and 2018, he worked at code & co. in Berlin. He later held a role in crypto and business development at sync. in London from 2018 to 2019. In 2020, he worked as a Project Student in DevOps at Earlybird Venture Capital.

Deribit Insights

From July 2020 to October 2021, Faecks contributed as a researcher and analyst at Deribit Insights, the research division of the exchange. During this period, he focused on analysis related to cryptocurrency markets, particularly derivatives and trading infrastructure.

Alloy

In 2021, Faecks co-founded Alloy, where he serves as Chief Executive Officer. The platform was developed to provide infrastructure and services for institutional digital asset operations, and he led the company from its inception.

Plasma

In 2024, Faecks founded Plasma, where he serves as Founder. The project is described as a Layer 1 blockchain designed for stablecoin-based payments and transactions, with a focus on scalability and transaction efficiency for financial use cases. ^{[1] [2] [3]}

Public Appearances

In a video interview, Faecks has elaborated on the foundational concepts behind Plasma, discussing the architecture and the market need for a dedicated blockchain for payments. He has explained the motivation for building a specialized chain to overcome the fee and scalability issues present on existing general-purpose networks when used for payment-specific use cases.