Ex-Coinbase Executive Joins a16z-Backed Matter Labs as President

Nana Murugesan,previously charged with leading Coinbase Global Inc.’s international expansion effort, is joining Matter Labs as its first president, hoping to guide and scale the blockchain startup into maturity.

Murugesan, 45, announced his departure from Coinbase as its vice president of international and business development in November, having overseen the largest US crypto exchange’s expansion across Europe as well as asset listings and business partnerships.

“I’ve always wanted to take on this role of a founder complement, to really help a company scale to the next level, which with smaller companies in earlier stages, it’s possible to do,” ...