Who We Are

The Algorand Foundation is a Company Limited by Guarantee (CLG) with the incorporation issued by the Accounting and Corporate Regulatory Authority (ACRA) in the Republic of Singapore.


Together with our community, we are building trusted, public and permissionless  infrastructure for the borderless economy.

The Algorand Foundation is committed to the development of an inclusive and transparent system where anyone can build prosperity through decentralized applications and projects, no matter where they are.  The Algorand Foundation will provide assistance with the network launch, along with initial governance and evolution of the public blockchain, with a primary goal of promoting broad participation and decentralization of the network. The Algorand Foundation is helping make the borderless economy a reality.

Core Technology

We believe that a public, permissionless, pure proof-of-stake blockchain with an open source approach is fundamental to delivering on the vision of a borderless economy.  

The Algorand consensus mechanism is designed to promote open participation, security and performance within a network that is decentralized by design. With consensus on a new block being reached as fast as the block can be propagated throughout the network, Algorand’s transaction throughput is on par with large payment and financial networks, all securely scalable to billions of users. And Algorand is also the first blockchain to provide immediate transaction finality without the fear of forks.

Learn more about Algorand’s core technology at www.algorand.com.


Fangfang Chen

Head of Operations, Algorand Foundation

Fangfang joined Algorand Foundation from State Street Corporation, where she held a number of management positions in both the US and Asia-Pacific region over her 12 year tenure there. Most recently, Fangfang was chief operating officer for the Asia-Pacific region, where she oversaw day-to-day operations across multiple businesses and directed transformation efforts in support of business growth.  Fangfang was a member of State Street's Asia Pacific ExCo, the senior most strategy and policy-making body in the region.  

Fangfang has extensive financial services industry experience, having held strategy and management positions at Fidelity Investments and American International Group. Prior to that, she was a management consultant, leading strategic engagements for Fortune 500 clients. Fangfang holds a Master of Business Administration degree from Yale University and a Bachelor’s degree in economics from the University of International Business & Economics in Beijing. 

Massimo Morini

Member, Economic Advisory Committee, Algorand Foundation

Massimo is a member of the Algorand Foundation's Economic Advisory Committee and also serves as head of Rates and Credit Modelling, and Coordinator of Model Research, at IMI bank. He is Professor of Fixed Income at Bocconi University and teaches Blockchain and Cryptocurrencies at Swiss Finance Institute Lugano. He has been Advisor and Trainer at the World Bank, the Monetary Authority of Singapore and several private and public financial institutions.  He published several quantitative papers and is author of the seminal books Understanding and Managing Model Risk, and Counterparty Credit Risk, Collateral and Funding.

Massimo’s main areas of interest are rates and credit modeling, risk management, and technology-enabled transformation of financial markets. He authored the first articles proposing blockchain and smart contract solutions for financial instruments, often quoted by US regulators. As board member, he headed the Valuation, Collateral & Risk Management working group at R3 blockchain consortium of banks. He led the development of smart contracts for collateralized derivatives with trusted computation on Ethereum. In the field he researches on decentralized financial market infrastructures, layer-two solutions and stability mechanisms, and his work on blockchain featured on Coindesk, Bitcoin Magazine, Harvard Business Review.

Tal Rabin

Head of Research, Research Fellow

Tal Rabin is a researcher whose general area focuses on cryptography and, more specifically, on secure multiparty computation, threshold cryptography, and proactive security. Her works have been instrumental in forming these areas.

Tal obtained her Ph.D. in Computer Science from the Hebrew University, Israel in 1994. She joined the cryptography group at IBM Research in 1996 and managed it from 1997 to 2019. She has served as a member of the SIGACT Executive Board and a council member of the Computing Community Consortium. She has initiated and organizes the Women in Theory Workshop, a biennial event for graduate students in Theory of Computer Science.

Tal is a Member of the Academy of Arts and Sciences, a fellow of the ACM and a fellow of the International Association of Cryptologic Research (IACR). She is the 2019 recipient of the RSA Award for Excellence in the Field of Mathematics and winner of the 2014 Anita Borg Women of Vision Award for Innovation. Tal has been listed by Forbes as one of the World’s Top 50 Women in Tech for 2018.

Craig Gentry

Research Fellow

Craig Gentry joins the Algorand Foundation from the Cryptography Research Group at IBM Research. While a PhD student at Stanford and a summer intern at IBM, he built the first fully homomorphic encryption (FHE) scheme, a breakthrough for which he won the ACM Doctoral Dissertation and ACM Grace Murray Hopper Awards. Continuing at IBM, he developed next-generation FHE schemes, including “BGV” and “GSW”, and worked with Shai Halevi (author of HElib) and others to make FHE more practical. He has also contributed work on zero-knowledge proofs (“Pinocchio”), signatures (BGLS aggregate signatures), and cryptographic program obfuscation (helping to build the first plausibly secure construction). For his work on FHE and obfuscation, he won the MacArthur “Genius” Award in 2014.

Shai Halevi

Research Fellow

Shai Halevi research covers most aspects of cryptography: from public-key to symmetric cryptography, constructions, cryptanalysis, and foundational work. It includes breakthrough results on multilinear maps and obfuscation, advances in the theory of homomorphic encryption, and the implementations of both the HElib homomorphic encryption library and of branching-program obfuscation.

Shai is a Fellow and a board member of the International Association of Cryptologic Research (IACR). He is the recipient of the 2017 SIGSAC Outstanding Innovation Award, the Eurocrypt 2013 best paper award and the IBM Pat Goldberg best-paper awards in 2004, 2012 and 2013. He is the chair of the steering committee for the TCC conference, and was program (co)chair of ACM-CCS 2016, Crypto 2009, and TCC 2006.

Shai obtained his Ph.D. in Computer Science from MIT in 1997 and has authored more than 100 publications with over 20,000 citations. Prior to joining the Algorand Foundation, he was a researcher at IBM Research.

Hugo Krawczyk

Research Fellow

Hugo Krawczyk has contributed to the cryptographic design of numerous Internet standards, including IPsec, IKE, and SSL/TLS. His SIGMA key exchange protocol serves as the cryptographic basis for both IKE and TLS 1.3 handshake. Hugo is a co-inventor of the HMAC message authentication algorithm and the designer of HKDF, the emerging key derivation standard adopted by TLS 1.3, Signal, WhatsApp, Facebook Messenger and more. He contributed to the theory and applications of pseudorandomness, zero-knowledge, key exchange, password authentication, threshold and proactive cryptosystems, and searchable encryption.

Hugo is a Fellow of the International Association of Cryptologic Research (IACR), the recipient of the 2015 RSA Conference Award for Excellence in the Field of Mathematics, the 2018 Levchin Prize for the development of real-world cryptographic schemes, and multiple IBM awards including two corporate awards. Prior to joining the Algorand Foundation, he was a Distinguished Research Staff Member and an IBM Fellow at IBM Research.

Fabrice Benhamouda


Fabrice is a researcher in cryptography. His interests range from theoretical topics to the implementation of secure multiparty computation protocols and their integration in blockchain systems.

Prior to joining Algorand Foundation, Fabrice was a researcher at IBM Research. Fabrice obtained his Ph.D. in Computer Science from the École Normale Supérieure, Paris, France in 2016. He was awarded the “Prix de thèse Gilles Kahn 2017,” a French excellence award for Ph.D. theses in computer science, and an honorary mention at the ERCIM Cor Baayen Young Research Award 2017. He has received the best paper award at Eurocrypt 2018.

The Algorand Foundation is a Company Limited by Guarantee (CLG) with the incorporation issued by the Accounting and Corporate Regulatory Authority (ACRA) in the Republic of Singapore.