New York City has taken a major step toward embracing digital assets and blockchain technology with the creation of a dedicated office focused on fostering innovation in the financial sector. This marks the first time a US mayor’s office has launched an initiative exclusively devoted to digital assets, underscoring the city’s commitment to preparing its infrastructure and policies for the future of finance.
Formalized through Executive Order 57, Mayor Eric Adams established the Office of Digital Assets and Blockchain to promote the responsible integration of blockchain technology, drive economic growth, and strengthen New York’s position as a global hub for financial innovation. According to Adams, the initiative is designed to help the city “embrace the technologies of tomorrow today,” reflecting his broader vision of using digital innovation to expand opportunities for underserved communities and improve access to government services.
Moises Rendon, a former digital assets policy advisor, has been appointed as the office’s executive director. Under his leadership, the office will promote collaboration between public and private sectors while coordinating with state and federal partners to develop a supportive regulatory framework. “With this initiative, we aim to integrate cutting-edge technologies while reinforcing New York City’s financial strength,” Rendon said.
The adoption of blockchain is expected to enhance transparency and operational efficiency across city agencies, creating new economic opportunities for working-class New Yorkers. Deputy Mayor Randy Mastro emphasized that this move solidifies the city’s leadership in both finance and technology, ensuring that working-class New Yorkers are first in line for groundbreaking economic opportunities. Chief Technology Officer Matt Fraser added that the office will enable city departments to leverage blockchain capabilities for public benefit.
Mayor Adams, a vocal advocate for cryptocurrency who has previously accepted part of his salary in Bitcoin and Ethereum, has consistently pushed for New York to remain a leading player in digital finance. The establishment of this office highlights the city’s ambition to lead digital transformation in the financial sector. Through strategic public-private partnerships and policy alignment with state and federal levels, New York aims to attract top talent and global investment, further cementing its role as a worldwide center for financial and technological advancement. As the new office begins to roll out its first initiatives, it could serve as a model for similar efforts in other major cities.