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

Blockchain -payment supplier Tassat Group has appointed his president and chief technique officer Glen Sussman as new Chief Govt Officer, the corporate stated in a press launch on Tuesday.

Sussman, who got here to Tassat in 2021, will observe the departing CEO Zain Saidin. Saidin will keep on the corporate’s board and play a brand new function as a senior adviser, to help the institutional progress technique of Tassat, the corporate stated.

Throughout Sussman’s time on the firm, he helped launch his flagship merchandise.

This consists of Lynq, a real-time, interest-bearing settlement community for digital asset settings, constructed with Arca Labs and Tzero, in addition to the digital interbank community, the primary American tokenized deposit community that works throughout the regulating perimeter, Tassat stated.

The management change comes when Tassat appears to increase the footprint of Lynq, which describes it as a totally built-in settlement platform that’s supported by mental property “interest-in-transit”.

The corporate stated that it anticipated to realize essential improvement mile poles within the coming months, as a result of it really works to extend entry and to extend acceptance between institutional companions.

“Tassat is uniquely positioned to supply the subsequent chapter with market infrastructure with electrical energy,” Sussman stated within the launch.

“We stay up for utilizing options that speed up the acceptance of stablecoins, tokenized deposits and digital belongings results, whereas supplying an infrastructure of institutional high quality to stimulate the way forward for regulated funds,” he added.