Two lead engineers for Facebook's Novi wallet, which will be used to hold a dollar-based stablecoin issued by the Diem Association that Facebook created, are moving into senior roles at a16z Crypto, according to a blog post from the firm today.

Riyaz Faizullabhoy and Nassim Eddequiouaq, who transitioned from roles at crypto custody firm Anchorage two years ago to begin working on Facebook's wallet, have been named chief technology officer and chief information security officer, respectively, of the outfit.

Nassim and Riyaz are phenomenal engineering and security leaders with a proven track record in blockchain and infrastructure, and are passionate about working to advance the entire crypto ecosystem. 

By Amy Liu