Wyre, a digital assets and payments infrastructure provider, has named Stephen Cheng as chief executive officer.

Cheng has served as interim CEO since the beginning of 2023. Prior that being named interim CEO, Cheng served as Wyre’s chief risk and compliance officer. Before joining Wyre in 2021, he was the chief compliance officer and BSA AML officer at Prime Trust and chief compliance officer of a public financial technology and bank holding company, Green Dot Corp., where he also served as chair of the bank’s risk management committee. Before that, he held senior compliance roles at First Data Corp. (now Fiserv) and at American Express.

“The current dislocation in financial markets has presented Wyre with a tremendous opportunity to help innovators and businesses better reach and serve customers worldwide,” states Cheng. “I have the utmost confidence that our talented team and dedicated partners will enable us to achieve our goal of making the new global economy more accessible, safe, and secure.”