Institutional cryptocurrency infrastructure firm Securrency has hired asset management giant 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 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, according to her LinkedIn profile. She's also been on the Securrency board since 2021, when State Street was part of a $30 million funding round for the company. Also part of that fundraise were U.S. Bank, Abu Dhabi, Catalyst Partners and WisdomTree Investments.

Securrency's aim 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 provide knowhow of institutional-grade compliance to bring to Securrency's products and services in tokenization, decentralized finance (DeFi) and interoperability, said the company in a statement.

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