Ripple's Head of Information Security Leaves for Token Startup

Ripple's head of information security is leaving the company.

Jaladi is joining Harbor, a startup that provides a compliance platform for issuers of private securities housed as tokens on the blockchain.

The company's R-Token standard is compatible with ethereum's popular ERC-20 token framework, and, according to Harbor's white paper, can be used to tokenize interests in real estate, limited partnerships, fine art and other assets areas.

"Ripple is a great company with a bright future," Jaladi said when asked why he's leaving the company.

Jaladi joined Ripple in May 2017, according to his LinkedIn page.

Ripple's director of corporate communications didn't say who Jaladi's replacement would be, but remarked: "We have a strong security team led by Kanaan, just as it's always been."

"I am responsible for the overall security strategy and program. This includes establishing processes and procedures across the company and the platform to ensure the protection of customer data."

The role is similar to the one he held at Ripple, he explained, "In the sense that the responsibility is to build a comprehensive security program that protects the company and its customers from threats, as well as to ensure compliance with all appropriate regulations."

Correction: A previous version of this article incorrectly reported that Jaladi was Ripple's chief information security officer.

He served as Ripple's head of information security, and CoinDesk regrets the error.