One of Coinbase’s compliance executives has parted ways with the cryptocurrency exchange and is joining TrustToken.
Vaishali Mehta joined Coinbase in November of last year as a Senior Compliance Manager.
She held that position until her departure which, according to her very own LinkedIn profile, took place last month.
As LinkedIn often tweaks your start date settings, it’s likely that Mehta started at her new firm this January to welcome the glorious year that is 2019.
Like many professionals in the cryptocurrency space, Mehta got her start in the institutional financial world.
Prior to joining Coinbase, for example, she spent four years working in Deutsche Bank’s New York office as Head of BSA/AML Risk and Onboarding.
Alongside her five years at the German bank, she also held senior compliance positions at Sumitomo Mitsui Trust Bank, ICICI Bank, and the consulting giant KPMG.
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TrustToken Stablecoin and Tokenization
Mehta joins TrustToken at an interesting time.
For those of you who are unfamiliar with the firm, it provides a stable coin – TrueUSD – which is pegged to the US dollar.
The firm is also working on something that is, at least from this author’s point of view, much more exciting, namely the ‘tokenization’ of assets.
By that, I mean the ability to take an asset and generate a cryptocurrency, possession of which would correspond to a stake in that asset.
For example, I could create David’s House Coins and use them to sell a stake in my own home.
Future home-buying scams aside, Mehta is one of several senior executives to depart Coinbase in the past few months.
In October, the head of the company’s institutional service offering and its fifth-ever employee, Adam White, left the cryptocurrency exchange to join Bakkt, a cryptocurrency trading platform owned by the New York Stock Exchange’s parent company, Intercontinental Exchange.