Report: More details surrounding Facebook’s blockchain project have emerged.

More notable industry names are being linked to Facebook’s forthcoming cryptocurrency project.

Following the report published by The Information on Wednesday, which claimed that Facebook’s “GlobalCoin” would be unveiled later this month, CNBC further reported on the fact that Facebook has hired 10 new executives to work on the project.

As reported by the press in May, The Information stated that MIT’s Christian Catalin is the helm of Facebook’s crypto project as chief economist.

In addition to this, Sunita Parasuraman is the manager of a Swiss-based foundation leading the upcoming token project as per The Information. Meanwhile, several of the 10 new executives working under David Marcus, who is heading up the blockchain division, are based in Israel, as per CNBC’s report.

Notably, not one of the 10 names listed in the article actually come from backgrounds in cryptocurrency, but some do have experience in financial technologies. Notably, before joining Facebook’s efforts, Marcus was the president of PayPal.

As per The Information’s report on Wednesday, an acquisition which took place in February of Chainspace, a blockchain startup, was also added to the Facebook crypto project. However, the startup’s CEO only remained with the team for a month.

Dave Hrycyszyn, the founder of Chainspace, told the press in May:

“Here’s a privacy project, that’s what I like.”

The Information’s report also cited previous releases, some dating back to December 2018, stating that the Facebook cryptocurrency will be “designed to function as a borderless currency without transaction fees and will be aggressively marketed in developing nations where government-backed currencies are more volatile.”