Founder Profile
Giancarlo Devasini
Last reviewed: October 2026 · By Swet Parvadiya
Who is Giancarlo Devasini?
Giancarlo Devasini is a founder of Bitfinex, which was founded in 2012 with Raphael Nicolle.
- Company founded
- Bitfinex
- Founded
- 2012
- Co-founders
- Raphael Nicolle
Background
Graduated in medicine from the University of Milan in 1990, then left medicine to import and sell computer hardware in Italy.
Founding Story
Giancarlo Devasini joined Bitfinex in its first year, became its largest shareholder and serves as CFO of Bitfinex and Tether. He oversaw the group's finances through the 2016 hack, the banking cut-offs of 2017-2019 and the $1 billion LEO token sale. A 2023 Wall Street Journal report put his stake at about 43%. He seldom speaks publicly.
Giancarlo Devasini was born in 1964 in Turin.
Devasini was born in 1964 and is a former physician. He is also a co-owner of Tether and has been reported to hold a stake of about 45 percent in it.