In his new function, Ben Grey will oversee our authorized, compliance and enterprise threat administration operations, guiding the corporate by way of the quickly evolving regulatory panorama.

He’ll guarantee we proceed to uphold the very best requirements of compliance and integrity because it additional expands its geographical footprint and product portfolio. Ben will report on to our co-CEOs Arjun Sethi and David Ripley.

Co-CEO Arjun Sethi: “Ben is a essential addition to our management crew as we scale the enterprise and drive innovation globally. His deep expertise as a normal counsel and chief compliance officer make him a great CLO for Kraken, because the business continues combating for regulatory readability and client protections.”

Co-CEO David Ripley: “By aligning authorized, compliance and threat inside this crew, we’re wanting ahead to leveraging Ben’s distinctive expertise to make sure seamless execution and operational excellence throughout the markets by which we function globally.”

CLO Ben Grey: “I’m honored to step into the function of CLO at Kraken, an organization that has constantly been on the forefront of the cryptocurrency business. Over the previous yr, we’ve seen great progress in transferring in direction of regulatory readability across the globe and 2025 will probably be a pivotal yr.”

“Those who adapt most successfully — with out compromise to their potential to innovate and supply the very best consumer expertise — will come out on prime. Kraken is extraordinarily nicely positioned to capitalize on this chance, and I couldn’t be extra excited to hitch throughout this subsequent section of progress for the crypto business.”

Ben brings over 15 years of expertise on the intersection of blockchain, crypto and authorized compliance. His profession has spanned numerous roles, from serving within the U.S. federal authorities as a monetary regulator to working as a regulatory legal professional through the early days of Bitcoin.

He pioneered compliance frameworks for consumer-facing crypto merchandise at Block (previously Sq.) and led revolutionary stablecoin initiatives at Paxos, together with the USDG stablecoin, which was launched in partnership with Kraken.

His distinctive background and management expertise will assist us with the continuing growth of its international footprint whereas navigating regulatory adjustments in its main markets equivalent to Europe and the U.S. 

Ben succeeds Marco Santori, who has been our CLO since 2020. Marco, who was instrumental in constructing a world-class authorized crew, representing crypto on the worldwide stage and tackling essential regulatory challenges, will keep on as an advisor.

These supplies are for normal data functions solely and will not be funding recommendation or a advice or solicitation to purchase, promote, stake, or maintain any cryptoasset or to have interaction in any particular buying and selling technique. Kraken makes no illustration or guarantee of any sort, categorical or implied, as to the accuracy, completeness, timeliness, suitability or validity of any such data and won’t be answerable for any errors, omissions, or delays on this data or any losses, accidents, or damages arising from its show or use. Kraken doesn’t and won’t work to extend or lower the worth of any explicit cryptoasset it makes accessible. Some crypto merchandise and markets are regulated and others are unregulated; regardless, Kraken could or might not be required to be registered or in any other case authorised to supply particular services in every market, and also you might not be protected by authorities compensation and/or regulatory safety schemes. The unpredictable nature of the crypto-asset markets can result in lack of funds. Tax could also be payable on any return and/or on any improve within the worth of your cryptoassets and it’s best to search unbiased recommendation in your taxation place. Geographic restrictions could apply. See Authorized Disclosures for every jurisdictionright here.