TrustToken Appoints Coinbase Executive as Head of Compliance

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.

TrustToken Stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term 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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term owned by the New York Stock Exchange’s parent company, Intercontinental Exchange.