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Blockchain Hires a CFO

Blockchain, a major cryptocurrency wallet company, has hired its first CFO: Macrina Kgil joined the startup in November, according to her LinkedIn profile. The hire, which hasn’t been previously reported, is a sign that crypto companies are continuing to mature, even as a weak market for digital currencies forces many firms to trim staff.

Founded in 2011, Blockchain is one of the most established cryptocurrency companies: Its wallet product has 30 million users, and it has more than 150 employees, though little information is available about its valuation. According to LinkedIn, Ms. Kgil was CFO of lending firm Springleaf Financial Services when the company went public in 2013. She was most recently at GPB Capital, an asset management firm, where she was CFO from 2016 to 2018.

Update: In an interview, Peter Smith, Blockchain’s CEO, confirmed Ms. Kgil’s hiring. The addition of Ms. Kgil will be instrumental as the company prepares to go public “in the next few years,” Mr. Smith said.

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