According to Blockworks, Sandeep Nailwal, co-founder of Polygon, has taken on an expanded role within the company, now serving as the chief business officer. Previously known as the MATIC network, Polygon was founded by Nailwal in 2017. He has been the executive chairman of Polygon Labs and will continue in this role. His new responsibilities will include a greater focus on Polygon’s zero-knowledge solutions, such as Polygon CDK, an open-source software toolkit for developers to create layer-2s on Ethereum.

In addition to Nailwal's new role, two crypto-focused companies have announced new leadership appointments following recent fundraising efforts. Tokenized asset platform Centrifuge has appointed Julia Merkey as chief operating officer and Sonam Joshi as head of product. Merkey was formerly the chief financial officer at venture capital firm BlueYard Capital, while Joshi has experience at UBS, Google, Amazon, and Abra. Centrifuge, which facilitates pools of tokenized real-world assets, has approximately $280 million worth of assets in its liquidity pools.

In other leadership changes, Movement Labs has welcomed Franck Cassez as its head of research. Cassez, a former researcher at Consensys and a blockchain research lead at Windranger Labs, will assist the startup in bringing Facebook’s Move Virtual Machine to Ethereum. LMAX Group has also made a notable hire, appointing Chris Knight as a managing director, a role he will assume this summer. Knight, a former executive at XTX Markets and Standard Chartered Bank, will initially oversee LMAX’s institutional crypto exchange. Finally, Ross O’Leary has joined Coinbase’s global communications team as an associate manager.