Ripple’s Former Exec Takes Helm as CEO for Expansion amid Crypto Paradigm Shift

2 months ago 29

Former Ripple’s managing director Navin Gupta joins leading blockchain intelligence firm Crystal as chief executive officer (CEO). Navin Gupta has held leading roles at top firms including HSBC and CitiBank, and board member of the National Payments Corporation of India (NPCI).

Ex-Ripple Navin Gupta Joins Crystal Blockchain as CEO

Navin Gupta has been appointed as the new chief executive officer (CEO) at Crystal, as per a press release. The company is a leading blockchain intelligence firm empowering financial institutions, law enforcement, and regulators with real-time blockchain analysis, investigative, and compliance solutions.

Gupta’s major role in the firm encompasses expanding blockchain intelligence solutions to global regulators, VASPs, TradFi sectors, and stakeholders in cryptocurrencies. Marina Khaustova moves into the new position of chief operations officer (COO) from CEO.

As crypto assets adoption going mainstream, especially after spot Bitcoin ETF in the U.S., Gupta believes adoption will grow in the coming years. “Regulators need superior intelligence and cutting-edge tools to navigate these changes, and TradFi institutions are seeking to manage risks effectively as they enter the digital assets market,” he added.

Navin Gupta’s Global Experience

Navin Gupta helped Ripple successfully expand into the MEA and South Asian markets. He resigned from his position at Ripple “to embark on a new adventure.”

Navin has extensive experience in global transaction banking, payments and cash management, and strategy planning following nearly two decades working for HSBC and Citigroup across the U.S., Hong Kong, Japan, Taiwan, and India. His roles at HSBC and CitiBank, and entrepreneurial experience as co-founder of a commercial transport technology platform, make him perfect for Crystal’s expansion goal.

He was a board member of National Payments Corporation of India (NPCI), an organization founded by RBI and banks that operates retail payments and settlement systems in India.

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