San Francisco - TRM Labs, the leading provider of crypto fraud detection and anti-money laundering (AML) software, is pleased to announce that Patrick South will join its Business Development team.

Mr. South brings a wealth of experience in the business development space and an expertise in and passion for cryptocurrency businesses.  Prior to joining TRM, Mr. South was Chief Development Officer at the Chamber of Digital Commerce, where he grew the advocacy association's membership base to include global financial services entities, leading cryptocurrency businesses, and some of the largest professional services firms. In addition to development, Mr. South focused on organizational strategy and member relations. Prior to his experience at the Chamber, Mr. South was an Executive at Accenture, where he managed a portfolio of programs across the defense and intelligence sectors and oversaw their federal blockchain practice.

"I could not be more excited to join TRM Labs as it works to build a safer financial system for billions of people," said Mr. South. "TRM has built a revolutionary product and I look forward to partnering with cryptocurrency businesses and financial institutions to take advantage of the next generation in blockchain intelligence."

"I am thrilled to welcome Patrick South to TRM Labs," said TRM CEO Esteban Castaño." Patrick not only has the experience and expertise in business development and customer service in the cryptocurrency space, but he also shares our passion for cryptocurrency and the belief in blockchain intelligence as foundational infrastructure for this new financial system."

Mr. South joins the TRM team as cryptocurrency adoption accelerates worldwide, including experiencing significant growth among traditional institutional investors. A 2019 poll by the Bank for International Settlements (BIS) found that nearly 80% of central banks are working on central bank digital currency (CBDC) research. In September 2020, stablecoins and digital dollars reached 200 billion in monthly on-chain USD volume, nearly 700% more than the same period the year prior.

About Patrick South

Patrick South joins the business development team at TRM Labs. Mr. South brings a wealth of experience in the  business development space and an expertise in and passion for cryptocurrency businesses.  Prior to joining TRM, Mr. South was Chief Development Officer at the Chamber of Digital Commerce, where he grew the association's membership base to include global financial services entities, leading cryptocurrency businesses, and some of the largest professional services firms.  In addition to development, Mr. South focused on organizational strategy and member relations. Prior to his experience at the Chamber, Mr. South was an Executive at Accenture, where he managed a portfolio of programs across the defense and intelligence sectors and oversaw their federal blockchain practice.

About TRM Labs

TRM Labs is the crypto compliance company. TRM enables organizations to detect fraud and financial crime, accelerate business processes, and meet regulatory requirements, all while working with industry-leading data and workflows. Founded in 2018, TRM works with the largest cryptocurrency businesses and financial institutions worldwide. TRM is headquartered in San Francisco, CA, with offices in Washington D.C. and Europe. TRM is backed by leading investors including PayPal, Initialized Capital, Blockchain Capital, and Y Combinator.

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