Tassat Names Glen Sussman CEO as Firm Eyes Next Stage of Institutional Growth

Blockchain funds supplier Tassat Group has appointed its president and chief technique officer Glen Sussman as its new chief govt officer, the corporate stated 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 position as senior adviser, supporting Tassat’s institutional progress technique, the agency stated.

During Sussman’s time with the agency, he helped launch its flagship merchandise.

That consists of Lynq, a real-time, interest-bearing settlement community for digital asset establishments, constructed with Arca Labs and tZERO, as properly as the Digital Interbank Network, the primary U.S. tokenized deposit community working inside the regulatory perimeter, Tassat stated.

The management change comes as Tassat seems to increase the footprint of Lynq, which it describes as a completely built-in settlement platform underpinned by “interest-in-transit” mental property.

The firm stated 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 power the next chapter of market infrastructure,” Sussman stated within the launch.

“We sit 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 long run of regulated finance,” he added.