• Securrency, an institutional cryptocurrency infrastructure firm, has hired State Street’s head of digital, Nadine Chakar, as its new CEO.
• She replaces Securrency’s founder Dan Doney, who will continue to serve as the company’s chief technology officer (CTO).
• Chakar’s appointment will provide knowhow of institutional-grade compliance to bring to Securrency’s products and services in tokenization, decentralized finance (DeFi) and interoperability.

Securrency, an institutional cryptocurrency infrastructure firm, has announced the appointment of State Street’s head of digital, Nadine Chakar, as its new CEO. Chakar, who spent just under a year and a half as State Street’s digital chief, will be taking over the role from Securrency’s founder Dan Doney, who will continue to serve as the company’s chief technology officer (CTO).

The appointment of Chakar is expected to provide the company with the necessary knowhow of institutional-grade compliance to bring to its products and services in tokenization, decentralized finance (DeFi) and interoperability. In a statement, the company noted that Chakar’s expertise in the world of finance and digital assets will be an asset to Securrency and its mission of providing institutions with blockchain-based regulatory technology on top of existing legacy systems to enable digital asset adoption in a compliant manner.

Chakar joined State Street in 2018 and served as the company’s head of global markets prior to her role as the head of digital. She has also been a part of Securrency’s board since 2021 when State Street was part of a $30 million funding round for the company. Other investors in the round included U.S. Bank, Abu Dhabi, Catalyst Partners and WisdomTree Investments.

Securrency’s mission is to provide a secure, compliant, and transparent digital asset infrastructure for the institutional market. With Chakar on board, the company is confident that it will be able to deliver on its promise and provide financial institutions with the tools and services necessary to make the transition to digital assets easier.

Chakar’s appointment is seen as a major step forward for the company, and it’s expected that her experience in the world of finance and digital assets will help Securrency in its mission to provide institutions with the necessary infrastructure to support digital asset adoption. With Chakar on board, Securrency is well on its way to becoming a leader in the field of institutional cryptocurrency infrastructure.