Cryptocurrency custody provider Bastion has appointed former a16z and Kraken executive as its Chief Operating Officer.

According to BlockBeats news on December 1st, cryptocurrency startup Bastion has appointed Caroline Friedman, former a16z and Kraken executive, as the company's Chief Operating Officer. Friedman has been serving as the company's Chief Operating Officer since February and will oversee Bastion's compliance, regulatory affairs, personnel, public policy, and financial functions as the new COO. As previously reported by BlockBeats, in September of this year, Bastion completed a $25 million seed round of financing, led by a16z crypto, with participation from Laser Digital Ventures under Nomura Group, Robot Ventures, Not Boring Capital, and others.