Balance, a digital asset custodian, has appointed three new executives to key leadership positions, including hiring the founder of an insurance firm.
The company has appointed Koleya Karringten as an independent director to Balance Trust Company. She is the founding member and executive director of the Canadian Blockchain Consortium and founder of Blockchain Insurance, a specialized insurance provider for the digital asset industry.
In addition, Colin Pyle joins as chief operating officer, bringing over 20 years of experience in finance, strategy, and operations. Most recently, he served as executive vice president of strategy at RFA Capital Holdings, overseeing strategic initiatives for financial institutions managing over $65 billion in assets.
Ryan Aballe also assumes the role of chief compliance and risk officer, leveraging more than ten years of regulatory experience. Previously with Alberta's Treasury Board and Finance, Aballe holds multiple professional certifications including chartered professional accountant (CPA), certified anti-money laundering specialist (CAMLS), and certified internal auditor (CIA).
"I'm glad to have made that realization earlier and grateful for the confidence Ryan, Colin, and Koleya showed in our team by choosing to join," said George Bordianu, Balance's co-founder and CEO.
Balance operates a digital asset platform connecting clients with providers like Attestant, BlockFills, Coinbase, and DARMA. The platform enables services such as asset staking, lending, and liquidation through its trust company.
Positioning itself as Canada's oldest digital asset custodian, Balance operates in both Canadian and US markets.
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