Securrency Hires State Street Exec Nadine Chakar as New CEO

• Securrency, an institutional cryptocurrency infrastructure firm, has hired State Street’s head of digital Nadine Chakar as its new CEO.
• Dan Doney, the company’s founder, will continue to serve as Securrency’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, a leading institutional cryptocurrency infrastructure firm, has announced the appointment of Nadine Chakar as its new CEO. Chakar is the former head of digital at State Street, a global asset management giant. She brings with her extensive experience in institutional-grade compliance and digital asset adoption.

Dan Doney, Securrency’s founder, will continue to serve as the company’s chief technology officer (CTO). Doney said of Chakar’s appointment: “I am delighted to welcome Nadine to the Securrency team. Her deep expertise in digital asset adoption and institutional-grade compliance will be invaluable in helping us achieve our mission of enabling digital asset adoption in a compliant manner.”

Chakar joins Securrency following a successful stint at State Street. She spent just under a year and a half as State Street’s digital chief, and was also the head of global markets there for more than two years. Chakar was also part of the $30 million funding round for Securrency in 2021, alongside U.S. Bank, Abu Dhabi, Catalyst Partners and WisdomTree Investments.

At Securrency, Chakar will be tasked with providing institutions with blockchain-based regulatory technology on top of existing legacy systems. This will allow for digital asset adoption in a compliant manner, and Chakar’s appointment will bring the necessary knowhow of institutional-grade compliance to Securrency’s products and services in tokenization, decentralized finance (DeFi) and interoperability.

Securrency is rapidly expanding, and Chakar’s appointment is the latest in a series of strategic hires for the firm. This includes the appointment of former J.P. Morgan executive Derrick Smith as Chief Operating Officer, and former Commodity Futures Trading Commission attorney David Hirsch as Chief Legal Officer.

Securrency is dedicated to bringing financial services, such as tokenization and DeFi, to the masses and is confident that Chakar’s knowledge and experience will help them achieve this. With Chakar at the helm, Securrency is poised to become a leader in the digital asset adoption space.