Blockchain funds supplier Tassat Group has appointed its president and chief technique officer Glen Sussman as its new chief government 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 advisor, supporting Tassat’s institutional development technique, the agency stated.
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 inside the regulatory perimeter, Tassat stated.
The management change comes as Tassat seems to broaden the footprint of Lynq, which it describes as a totally built-in settlement platform underpinned by “interest-in-transit” mental property.
The corporate 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 energy the following chapter of market infrastructure,” Sussman stated within the launch.
“We look ahead to 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.
