Securrency Hires State Street Digital Chief as CEO to Accelerate Digital Asset Adoption

Bullet Points:
• Securrency, an institutional cryptocurrency infrastructure firm, has hired State Street’s head of digital, Nadine Chakar, as its new CEO.
• Chakar replaces Securrency’s founder Dan Doney, who will continue to serve as CTO.
• Securrency provides institutions with blockchain-based regulatory technology to enable digital asset adoption in a compliant manner.

Securrency, an institutional cryptocurrency infrastructure firm, has taken a major step forward in its mission to provide digital asset adoption in a compliant manner. The firm has hired State Street’s digital chief Nadine Chakar as its new CEO. Chakar replaces Securrency’s founder Dan Doney, who will continue to serve as chief technology officer (CTO).

Nadine Chakar spent just under a year and a half as State Street’s digital chief, following more than two years as its head of global markets. She has also been on the Securrency board since 2021, when State Street was part of a $30 million funding round for the company. Other participants in the fundraise included U.S. Bank, Abu Dhabi, Catalyst Partners and WisdomTree Investments.

Securrency’s purpose is to provide institutions with blockchain-based regulatory technology on top of existing legacy systems to enable digital asset adoption in a compliant manner. Chakar’s appointment will bring her experience in institutional-grade compliance to the table, ensuring that Securrency’s products and services in tokenization, decentralized finance (DeFi) and interoperability will be compliant and secure.

The firm’s regulatory technology platform helps customers to interact with digital assets and financial services in a secure and compliant manner. It provides a range of services, such as digital asset issuance, management, and compliance, as well as risk management and transaction monitoring solutions. The platform also offers a compliance-as-a-service feature, which enables customers to quickly get up to speed with the various regulations relevant to their operations.

Securrency’s platform will be able to help financial institutions reduce the complexities of developing and managing their own digital asset solutions. It will enable them to rapidly deploy and manage digital assets in a compliant and secure manner.

With Chakar at the helm, Securrency is well placed to continue its mission of providing institutions with a secure and compliant way to adopt digital assets. Her expertise in institutional-grade compliance will be a great asset to the firm’s mission. With the right guidance, Securrency’s platform could prove to be a game-changer in the world of digital asset adoption.

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