Global cryptocurrency exchange Binance has appointed former Facebook executive, Gwendolyn Regina, as investment director.
According to a Linkedin update, Regina joined Binance in August and will oversee the firm’s $100 million Binance Smart Chain Fund. The fund was launched in late-2020 aimed at making seed investments in projects that will drive collaboration between centralised finance (CeFi) and decentralised finance (DeFi).
Prior to joining Binance, Regina spent one-and-a-half years as Facebook’s head of venture capital (VC) partnerships, where she helped build Facebook’s VC accelerator for Southeast Asia. She is also an active angel investor and startup advisor, having partnered with regional accelerators like Antler and Entrepreneur First in Singapore.
Binance has ramped up hiring globally in recent weeks.
Last month, the crypto exchange appointed CEOs for Binance Singapore and Australia, roping in Richard Teng, a former director of corporate finance at the Monetary Authority of Singapore (MAS) to head up Binance’s Singapore operations, and Leigh Travers, ex-CEO of DigitalX to lead its Australia arm.
Binance also appointed Greg Monahan, a former US Treasury finance crime investigator as its new global laundering reporting officer in August.
These senior hires have continued to take place against the backdrop of growing scrutiny from global regulators on Binance’s operations.
Singapore is the latest jurisdiction to announce a clampdown on Binance’s services. Just last week, the MAS ordered Binance to stop offering its services due to a potential breach in local payment rules, including soliciting business from Singapore residents without the right license.
Several other regulators around the world have also tightened scrutiny on Binance in recent months, including the US, the UK, Thailand, Malaysia and Japan.
According to a Bloomberg report, Binance CEO Zhao Changpeng has previously expressed plans to establish multiple headquarters globally, and was looking to regional CEOs, as well as a potential successor with compliance experience to eventually succeed him.
Zhao is a Canadian citizen who resides in Singapore, and the majority shareholder of Binance Asia Services, which operates Binance.sg. Temasek-backed Vertex Ventures is also an investor in Binance Asia.