Blockchain funds supplier Tassat Group has appointed its president and chief technique officer Glen Sussman as its new chief govt officer, the corporate mentioned in a press launch Tuesday.
Sussman, who joined Tassat in 2021, will succeed outgoing CEO Zain Saidin. Saidin will stay on the corporate’s board and tackle a brand new function as senior adviser, supporting Tassat’s institutional progress technique, the agency mentioned.
Throughout Sussman’s time with the agency, he helped launch its flagship merchandise.
That features Lynq, a real-time, interest-bearing settlement community for digital asset establishments, constructed with Arca Labs and tZERO, in addition to the Digital Interbank Community, the primary U.S. tokenized deposit community working throughout the regulatory perimeter, Tassat mentioned.
The management change comes as Tassat appears to be like to develop the footprint of Lynq, which it describes as a totally built-in settlement platform underpinned by “interest-in-transit” mental property.
The corporate mentioned it expects to hit key growth milestones within the months forward as it really works to broaden entry and enhance adoption amongst institutional companions.
“Tassat is uniquely positioned to energy the subsequent chapter of market infrastructure,” Sussman mentioned within the launch.
“We stay up for deploying options that speed up the adoption of stablecoins, tokenized deposits, and digital asset securities, whereas delivering compliant, institutional-grade infrastructure to drive the way forward for regulated finance,” he added.
