Crystal Blockchain announced Monday that former Ripple managing director Navin Gupta will be its new chief executive officer. Current CEO Marina Khaustova, who helmed the company for the past five years, will now be chief operating officer.

Crystal provides transaction tracking software to companies and government agencies, competing with rivals like Chainalysis, Elliptic, Coinfirm and TRM Labs. The company with Ukrainian roots based in the Netherlands was founded by Bitfury in 2018. 

Gupta is based in the UAE and was working in his role as Ripple’s managing director for South Asia, Middle East and North Africa for over seven years, according to his LindkedIn profile. He will now take a lead in expanding Crystal’s business in the region, the company said in its announcement.

It …