Good morning. Fortune 500 corporations are already experimenting with blockchain, however many CFOs are nonetheless hesitant to maneuver actual cash on-chain.
That subject got here up in my dialog with Betsabe Botaitis, the brand new CFO of P2P.org, an organization that helps massive establishments earn returns from crypto property.
P2P offers the behind-the-scenes know-how, reminiscent of servers and safety programs, that lets establishments earn rewards from cryptocurrencies like Ethereum and Solana. Usually, corporations would wish to run their very own programs to do that, however P2P handles it for them. Based in 2018, the corporate now helps greater than 40 blockchain networks and works with banks, exchanges, digital wallets, and custodians.
Botaitis describes the corporate’s providing as “full-stack yield infrastructure.” This implies serving to establishments earn returns throughout various kinds of digital property—not only one—whereas additionally giving them the instruments they want for threat administration, reporting, and compliance.
She explains that P2P began with primary infrastructure and is now increasing to serve establishments that need extra full options.
A CFO who speaks each Wall Avenue and Web3
Botaitis brings a mixture of conventional finance and crypto expertise. She began her profession in retail banking, then held senior roles at Citigroup and LendingClub. Later, she moved into the crypto house, co-founding a blockchain firm and serving as its CFO.
Most not too long ago, she was CFO and treasurer at Hedera, a blockchain community designed for enterprise use. There, she managed massive budgets and digital property, led the group’s first monetary audit, and constructed programs to satisfy regulatory and institutional requirements.
A latest survey discovered {that a} rising variety of Fortune 500 corporations are more and more exploring blockchain initiatives. In her conversations with CFOs, Botaitis mentioned there are nonetheless some who stay cautious about transferring actual cash on-chain.
“The infrastructure exists,” she mentioned. “The question is whether your organization is building the internal knowledge and partner relationships to move when your board is ready. The firms doing that work are already in conversations that others will have to catch up to.”
CFOs are on the lookout for the identical issues they count on from any enterprise associate: confirmed reliability, sturdy operations, and programs that match into their current threat frameworks, Botaitis mentioned.
One main concern is regulation. P2P’s construction helps tackle this, she mentioned.
“As CFO, my mandate is making sure our financial governance meets the standards institutional clients expect from any counterparty they put in a risk memo,” she added.
She frames the corporate not as a dangerous crypto guess, however as a dependable infrastructure supplier—just like a conventional vendor that will undergo customary due diligence.
CEO Alex Esin additionally emphasised her expertise, saying, in an announcement, that it’s going to assist the corporate develop and work with massive establishments. Botaitis highlighted the U.S. and Latin America as vital development markets.
Along with her company function, she has been acknowledged in trade circles, together with serving as an envoy on the Fortune Most Highly effective Girls Summit and being named to CoinDesk’s Prime 50 Girls in Web3 and AI.
For CFOs nonetheless uncertain about blockchain, her hiring sends a sign: the folks constructing crypto infrastructure more and more come from the identical conventional finance backgrounds they belief.
Have an excellent weekend.
Leaderboard
Fortune 500 Energy Strikes:
John Dietrich will step down as EVP and CFO of FedEx Corp. (No. 49), efficient June 1 upon completion of the spin-off of FedEx Freight into a brand new publicly traded firm. Dietrich, CFO since 2023, will stay with the corporate till July 31. Claude Russ, FedEx enterprise vice chairman of finance will function interim CFO, efficient June 1. The corporate will conduct an inside and exterior seek for a successor. FedEx affirms the FY26 outlook shared on its final earnings name, together with the 2029 targets shared at its Investor Day in February.
Nelson Urdaneta, CFO of Kimberly-Clark Company (No. 213), will function CFO for the mixed entity following the completion of its pending acquisition of Kenvue Inc. (No. 281). Urdaneta grew to become finance chief in 2022. He was beforehand at Mondelēz Worldwide for practically 17 years, serving in monetary management roles reminiscent of treasurer, company controller, and CFO of Asia Pacific.
Each Friday morning, the weekly Fortune 500 Energy Strikes column tracks Fortune 500 firm C-suite shifts—see the newest version.
Extra notable strikes this week:
Mark McGivney, SVP and CFO at Marsh (NYSE: MRSH), a worldwide insurance coverage dealer and threat advisor, will assume further roles as EVP and chief working officer of the agency, efficient April 15. McGivney, who has been Marsh’s CFO for over a decade, joined the corporate in 2007 and has held a number of senior roles throughout the agency. He served as SVP of company finance, COO and CFO of Mercer, and CFO of Marsh Threat.
Svetlana Makhni was appointed CFO of Prime Drugs, Inc. (Nasdaq: PRME), a biotechnology firm. Makhni brings over 20 years of expertise. Earlier than Prime Drugs, she served as CFO of Marengo Therapeutics. Earlier than that, she served as CFO of Escient Prescription drugs and CFO and head of operations at Bierman ABA. Earlier in her profession, Makhni spent over a decade in funding banking and monetary providers at BMO Capital Markets, Goldman Sachs, Westbrook Companions and The Blackstone Group.
Seth Bressack was appointed CFO of Develop Remedy, a psychological well being platform. Develop Remedy not too long ago raised a $150 million Sequence D that introduced its valuation to $3 billion. On this newly created function, Bressack will lead the corporate’s finance operate and assist it scale. He brings greater than 20 years of finance and enterprise operations expertise spanning seed-stage startups, high-growth software program corporations, and public corporations. Most not too long ago, he served as VP of finance at Shopify. Earlier in his profession, he helped scale MikMak as SVP of operations.
Christopher Filiaggi was appointed interim CFO of Corebridge Monetary, Inc. (NYSE: CRBG), efficient April 24. Filiaggi, chief accounting officer of Corebridge since 2023, will function interim CFO whereas the corporate prepares for its deliberate merger with Equitable Holdings, Inc. This appointment follows the beforehand introduced transition of CFO Elias Habayeb. Previous to his present function, Filiaggi held finance management positions with Corebridge and American Worldwide Group, Inc.
Sean T. Woodward was promoted to EVP and CFO of AeroVironment, Inc. (AV) (Nasdaq: AVAV), a worldwide protection know-how firm, efficient Might 1. Woodward succeeds Kevin McDonnell, who will likely be stepping down from the function, as introduced earlier this 12 months. Woodward has greater than 22 years of expertise in protection know-how, together with at AV, Common Dynamics, and Honeywell Aerospace. Woodward joined AV in 2010 and has spent greater than 15 years in management roles throughout the corporate. Woodward most not too long ago served as CFO of AV’s Autonomous Programs phase.
Sean McCabe was appointed CFO of Cineverse, an leisure know-how firm (Nasdaq: CNVS), efficient April 20. He succeeds Mark Lindsey, with whom the corporate is in discussions to transition right into a senior monetary consulting function. McCabe beforehand served as VP and company controller at Cineverse in 2023 and 2024. He returns from Freestar, an ad-tech firm, the place he led accounting and finance groups.
Huge Deal
Deloitte’s Q1 2026 North American CFO Indicators survey polled 200 chief monetary officers from North American organizations with not less than $1 billion in annual revenues. CFO confidence dropped barely to six.3 in Q1 2026, in comparison with 6.6 in This fall 2025, however nonetheless falls in excessive territory (6-to-8 vary).
The survey was fielded within the first two weeks of March, simply after the beginning of the Center East battle. In it, 52% of respondents cited price administration as their most worrisome inside concern—the highest response. Six months in the past, price administration ranked third, at 47%. In the meantime, their high exterior fear is now provide chain disruption, which rose from 35% within the This fall 2025 CFO Indicators survey to 52% this quarter.
When requested to pick as much as three elements driving their group’s efforts to handle prices, 49% of respondents cited stress to put money into new applied sciences, reminiscent of cloud or synthetic intelligence. On the similar time, 48% cited shrinking revenue margins as a key purpose they’re prioritizing price administration now.
Courtesy of Deloitte
Going deeper
Listed here are 4 Fortune weekend reads:
“Why no nation is truly ‘energy independent’ while the Strait of Hormuz remains closed” —Jordan Blum
“The CEO of $8.5 billion Japanese car giant Nissan plays the drums in a band and hits the tennis courts to destress from the top job” —Emma Burleigh
“A secretive tycoon known as the ‘French Murdoch’ holds the key to Bill Ackman’s $64 billion bid for Universal Music Group” —Amanda Gerut
“Food companies are finally cutting prices. PepsiCo shows it’s worth it” —Phil Wahba
Overheard
“To build strong agentic workflows, retailers and brands should start with a specific challenge, break it into its component tasks, create a focused agent for each task, and build in specific points where human teams can review, validate and overrule if needed.”
—Anita Beveridge-Raffo, head of retail and client items at Palantir Applied sciences, writes in a Fortune opinion piece.
