Regtech company Securrency has appointed Nadine Chakar as its new chief executive officer.
Chakar will lead Securrency’s next stage of growth as it “accelerates commercialisation of compliance-driven digital asset technology for financial institutions”.
Chakar has served as a member of the board of directors of US-headquartered Securrency since 2021.
She has more than 30 years of experience in global wealth and asset management. Most recently, she was executive vice president and head of State Street Digital.
Prior to State Street, she was global head of operations for Manulife’s global wealth and assest management division and led the global asset servicing teams for BNY Mellon.
Securrency said in a statement that her appointment “highlights the growing importance of compliance aware tokenisation, interoperability, and institutional DeFi to the future of global finance”.
On her new role, Chakar said: “The financial services industry is at a critical tipping point as it tokenises regulated real-world assets and automates legacy financial processes using the power of blockchain technology.
“My priority is to accelerate the commercialisation of what is in essence the digital asset intelligence and interoperability foundation for major financial institutions and the global ecosystem.”
Dan Doney, co-founder and chief technology officer of Securrency, commented: “Nadine shares my passion for innovation, and we are united in our determination to make financial markets more accessible and efficient.
“She has a razor-sharp view of where reform is needed and how our technology can help. I am excited to work with Nadine as we focus on evolving our solution to bridge traditional and decentralised finance.”
Chakar’s appointment will allow Doney, who has served as the company’s chief executive officer since its inception, to focus on innovation, technology delivery and commercialisation as the chief technology officer.
Jonathan Steinberg, chief executive officer of WisdomTree, a lead investor in Securrency, added: “The future of finance relies on regulation-forward and compliance-driven digital development and Nadine has long been a driver of this evolution.”
Chakar has been named as one of the most powerful women in finance by American Banker.