# Dohyun Pak > Dohyun Pak is a person who leads blockchain companies and researches financial engineering while working on multichain DeFi projects. - Canonical URL: https://iq.wiki/wiki/dohyun-pak - Categories: People in crypto - Tags: Developer, Founder, Influencer, Researcher, Speaker - Created: 2026-09-14T16:11:29.069Z - Last updated: 2026-09-14T16:24:40.910Z - Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki) --- **Dohyun Pak** is a financial and technology executive with a background spanning quantitative trading, equity derivatives, securities, [blockchain](https://iq.wiki/wiki/blockchain), and academia. He is CEO of [BIFROST](https://iq.wiki/wiki/bifrost-network) Technology and PiLab Technology and serves as an Associate Professor at Gachon University. [\[7\]](#cite-id-rXiLDyXiiIEBPR2h) ## Education Park attended Yonsei University and Iowa State University, where he earned his Bachelor’s in Mathematics and his Master’s in Operations Research. In 2005, he received his PhD in Financial Engineering from the University of Michigan. [\[3\]](#cite-id-28kiaahk0x) ## Career Pak began his career at Korea Investment & Securities in 2006 as Deputy Director and Head of Quant, a role he held until 2008. He then joined Hana Financial as Associate Director and Head of Quant and Equity Derivative Trading, serving from September 2008 to May 2011. From June 2011 to February 2012, he served as Executive Director and Head of Equity Trading and Sales at IBK Securities, then as Director and Head of Derivative Trading and Quant at Mirae Asset Securities from April 2012 to December 2013. In January 2014, Pak became an Associate Professor at Gachon University, where he is affiliated with the Gachon Business School. He joined PiLab Technology as CEO in March 2016, where the company conducts [blockchain](https://iq.wiki/wiki/blockchain) research and projects, including developing [BIFROST](https://iq.wiki/wiki/bifrost-network) as infrastructure for [decentralized applications](https://iq.wiki/wiki/decentralized-application). In September 2017, he became CEO of [BIFROST](https://iq.wiki/wiki/bifrost-network) Technology, a role he still holds. [\[4\]](#cite-id-z83atg35yd) ## Interviews ### Bitcoin-Native Dollar In an August 2025 interview with Max Lopatnikov at the Synopsis Web3 Summit, Pak discussed his transition from traditional finance to [Web3](https://iq.wiki/wiki/web3) and his interest in [blockchain](https://iq.wiki/wiki/blockchain) as a way to build more transparent and resilient financial infrastructure. He described [BIFROST's](https://iq.wiki/wiki/bifrost-network) evolution into a multichain platform designed to simplify cross-chain development, followed by its expansion into [BTCfi](https://iq.wiki/wiki/btcfi), which focuses on using [Bitcoin](https://iq.wiki/wiki/bitcoin) in decentralized financial applications, including decentralized [Bitcoin](https://iq.wiki/wiki/bitcoin) banking and the BTC USD [stablecoin](https://iq.wiki/wiki/stablecoin). Pak explained that BTC USD is backed by native [Bitcoin](https://iq.wiki/wiki/bitcoin) and uses a conservative [collateral ratio](https://iq.wiki/wiki/collateralization-ratio), with an emphasis on transparency and multichain interoperability, distinguishing it from [fiat](https://iq.wiki/wiki/fiat-money)-backed [stablecoins](https://iq.wiki/wiki/stablecoin) and aligning with regulatory considerations in markets such as Japan. He also discussed [BIFROST's](https://iq.wiki/wiki/bifrost-network) plans to expand [BTCfi](https://iq.wiki/wiki/btcfi) adoption, strengthen integrations across networks, and develop additional products while focusing on usability and trust for users transitioning from traditional finance. Pak concluded by emphasizing curiosity, long-term thinking, practical experience, and a focus on solving real problems when navigating [Web3's](https://iq.wiki/wiki/web3) volatility. [\[5\]](#cite-id-j53j67e7sp) [YOUTUBE@VID](m14mCSXzto0) ### BiFrost In an April 2021 interview on the [Crypto Coin Show](https://iq.wiki/wiki/crypto-coin-show), Pak discussed Bifi Finance and [Bifrost's](https://iq.wiki/wiki/bifrost-network) approach to interoperability in [decentralized finance](https://iq.wiki/wiki/defi). He explained that Bifi Finance was built on [Bifrost](https://iq.wiki/wiki/bifrost-network) to connect fragmented [blockchain](https://iq.wiki/wiki/blockchain) financial markets and automate asset flows across networks, addressing interoperability and scalability limitations. Pak described the platform's existing lending, pooling, and [staking](https://iq.wiki/wiki/staking) services and outlined plans for additional features including multichain lending, wallets, insurance funds, and [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange). He identified [Bifrost's](https://iq.wiki/wiki/bifrost-network) multichain technology as a key aspect of the platform, describing direct connections between networks such as [Ethereum](https://iq.wiki/wiki/ethereum), [Binance Smart Chain](https://iq.wiki/wiki/binance-smart-chain), [Polkadot](https://iq.wiki/wiki/polkadot), and [Bitcoin](https://iq.wiki/wiki/bitcoin) without relying on wrapped assets, while noting that Bifi initially integrated with [Binance Smart Chain](https://iq.wiki/wiki/binance-smart-chain) because of its lower transaction costs and faster transaction speeds. Pak also discussed the ecosystem's two-token model, developer and user growth strategies, and plans to support multichain transactions and expand the platform's developer base as it progressed toward [mainnet](https://iq.wiki/wiki/mainnet). He concluded by emphasizing the importance of connecting [blockchains](https://iq.wiki/wiki/blockchain) in a scalable, flexible way and continuing protocol research and development to support the broader [blockchain](https://iq.wiki/wiki/blockchain) ecosystem. [\[6\]](#cite-id-v0jf0i3ari) [YOUTUBE@VID](CLmNHSt9H7s)