Coinme appoints Chief Compliance Officer for global push

Coinme has appointed Laurent Reichert as Chief Compliance Officer as it prepares to expand its regulated fiat on- and off-ramp business into international markets.

He will also serve as Consumer Protection Officer and BSA Officer, overseeing compliance, licensing, monitoring and reporting as Coinme broadens its reach beyond the US. The appointment comes as Polygon Labs moves to close its planned acquisition of the company, under which Coinme is expected to become a wholly owned subsidiary, subject to regulatory approvals.

The hire puts compliance at the centre of Coinme's next phase. The Seattle-based group expects Reichert to help extend the frameworks it already uses in the US into additional jurisdictions, with a focus on regulated money movement tied to stablecoins and digital assets.

Coinme holds money-transmitter licences across the US and operates in 48 states. It has a retail footprint of 50,000 locations and more than one million consumer app users, giving it an established base as it seeks to widen its international presence.

The company's infrastructure already supports parts of Polygon's Open Money Stack, a platform designed to move money globally using stablecoins. Its cash ramps currently provide know-your-customer checks and US on- and off-ramp functions within that system, alongside Polygon's blockchain settlement and wallet tools.

Compliance focus

Reichert brings nearly two decades of experience in compliance and risk roles across fintech and crypto. He has worked at Paxos, Nium and WorldRemit, with responsibilities spanning anti-money laundering, know-your-customer processes, sanctions and enterprise risk management in more than 14 licensed jurisdictions.

His appointment reflects a broader shift across the digital assets sector, where firms seeking to connect crypto services with traditional financial systems face growing scrutiny over anti-money laundering controls, consumer safeguards and cross-border licensing. For providers handling fiat entry and exit points, regulatory approvals and operational oversight remain major barriers to expansion.

Coinme is also seeking to grow its Crypto-as-a-Service business, which allows fintechs, payment groups, financial institutions and software platforms to embed fiat on- and off-ramps alongside stablecoin and digital asset transfers. Reichert is expected to help scale the compliance structures behind that business as partners seek regulated access to crypto-linked payment flows.

Neil Bergquist, Co-Founder and Chief Executive Officer of Coinme, described the appointment as a practical step tied to market access. "Licenced access to the financial system is the hardest part of this business to build and the easiest to take for granted," he said.

"Laurent gives us the compliance leadership to take that regulated infrastructure into new jurisdictions as we deepen our partnership with Polygon Labs and support our partners' rapid growth."

International push

The planned Polygon transaction gives the appointment added significance. Coinme's compliance infrastructure is expected to become part of Polygon's Open Money Stack after the acquisition closes, linking its regulated fiat access points more closely with Polygon's broader payments ambitions.

That could make Coinme's licensing and oversight systems more central to any international buildout tied to the platform. Rather than relying only on blockchain-based settlement, the model depends on regulated touchpoints where users can move money into and out of digital assets.

Reichert's background suggests Coinme wants experience from both remittance and crypto markets as it tackles that challenge. At firms such as WorldRemit and Nium, cross-border compliance has been a core operational issue, while Paxos has operated in a sector shaped by both financial regulation and digital asset rules.

Coinme said Reichert has overseen trillions in payment volume and built compliance and risk infrastructure across multiple continents. It added that he holds an MBA from the Thunderbird School of Global Management and a Diploma in AML Compliance, Risk and Governance from the International Compliance Association.

For Coinme, the task now is to show that its US model can travel. The company has spent more than a decade building a licensed network for cash and digital asset transactions, and is betting that the same approach can support international demand for stablecoin-based money movement.

Reichert said the existing platform gives the company a starting point for that effort. "Coinme has built one of the most extensive networks of licensed fiat on-and off-ramps in the industry, and that foundation of trust is what lets a company grow responsibly," he said.

"I'm looking forward to working with the team to prepare that foundation for the next phase of growth, both domestically and as we move into new international markets alongside Polygon."