# Saeed Badreg

> Saeed Badreg is the CEO and co-founder of Wormhole, with a background in law and business, having previously worked at Tolemaeus and Jump Crypto.

- Canonical URL: https://iq.wiki/wiki/saeed-badreg
- Categories: People in crypto
- Tags: Founder
- Created: 2024-05-31T16:33:26.436Z
- Last updated: 2024-06-24T14:12:06.644Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**Saeed Badreg** is the CEO and co-founder of [Wormhole](https://iq.wiki/wiki/wormhole), a cross-chain protocol enabling seamless asset transfers and interoperability among diverse [blockchain](https://iq.wiki/wiki/blockchain) networks. [\[1\]](#cite-id-jdqesw9yi0k)  
  
# Education  
  
Badreeg graduated with a B.A. in Law and Society from American University in 2012. He then earned a Primer MBA from DePaul University in 2015. [\[2\]](#cite-id-aefutyb0t0k)  
  
# Career  
  
Badreg was CEO of Tolemaeus, a mobile and web application developer, from May 2017 to August 2021. He then worked in strategic partnerships at Jump Trading LLC, a data and research-driven trading business, and later at Jump [Crypto](https://iq.wiki/wiki/cryptocurrency), their [Web3](https://iq.wiki/wiki/web3) and [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) division, from August 2021 to August 2023. [\[1\]](#cite-id-jdqesw9yi0k)  
  
## Wormhole  
  
In 2023, Badreg co-founded [Wormhole](https://iq.wiki/wiki/wormhole) with his coworkers, [Anthony Ramirez](https://iq.wiki/wiki/anthony-ramirez) and [Tony Jin](https://iq.wiki/wiki/tony-jin). In December 2023, they raised $225M in funding from various VC backers, including [Coinbase Ventures](https://iq.wiki/wiki/coinbase), Brevan Howard, Jump Trading, Multicoin Capital, [ParaFi](https://iq.wiki/wiki/parafi-capital), Dialectic, Arrington Capital, and Borderless Capital. [\[1\]](#cite-id-jdqesw9yi0k)[\[3\]](#cite-id-btuo4auquw7)  
  
> “I hope the new funding will help the company push forward the relentless expansion of [blockchains](https://iq.wiki/wiki/blockchain). It's not just a niche trend, but an enduring transformation where Fortune 100 companies onboard both public and private [blockchains](https://iq.wiki/wiki/blockchain).”  
  
# Interviews  
  
## Hashflow x Wormhole  
  
In a 2022 interview on the Hashflow Podcast, Badreg discussed the collaboration between Hashflow and [Wormhole](https://iq.wiki/wiki/wormhole), highlighting the integration's technical aspects and benefits for cross-chain trading. He explained how [Wormhole's](https://iq.wiki/wiki/wormhole) network of guardians facilitates secure asset and message transfers across different [blockchains](https://iq.wiki/wiki/blockchain), enhancing efficiency and security. Badreg also elaborated on Hashflow's RFQ system, where [market makers](https://iq.wiki/wiki/automated-market-maker) provide [liquidity](https://iq.wiki/wiki/pol-proof-of-liquidity) for trades, and how the integration with [Wormhole](https://iq.wiki/wiki/wormhole) allows for seamless cross-chain swaps without vulnerabilities like front-running. He also touched on plans to expand support to non-[EVM](https://iq.wiki/wiki/ethereum-virtual-machine-evm) chains and enhance cross-chain [liquidity](https://iq.wiki/wiki/pol-proof-of-liquidity) through APIs and widgets, aiming to improve the overall user experience in [decentralized finance](https://iq.wiki/wiki/defi). [\[4\]](#cite-id-s6s3sk8o208)