Blockchain payments provider Tassat Group has appointed president and chief strategy officer Glen Sussman as new CEO, the company said in a press release Tuesday.
Sussman, who joined Tassat in 2021, will replace retired CEO Zain Saidin. Saidin will remain on the company’s board of directors and assume a new role as senior advisor, supporting Tassat’s institutional growth strategy, the company said.
During his time with Sussman’s company, he helped launch the flagship product.
This includes Lynq, a real-time interest-bearing settlement network for digital asset institutions built with Arca Labs and Tzero, and Digital Interbank Network, the first US tokenized deposit network within the regulatory boundaries, Tassat said.
The change in leadership is described as a fully integrated payment platform based on “trans subject interest” intellectual property, as Tassat appears to be looking to expand Lynq’s footprint.
The company said it is expected to hit major development milestones in the coming months as it works to expand access and increase adoption between institutional partners.
“Tassat is uniquely positioned to have the next chapter of market infrastructure,” Sussman said in the release.
“We look forward to deploying solutions that accelerate the adoption of stubcoins, tokenized deposits and digital asset securities, while providing a well-established facility-grade infrastructure to drive the future of regulated finance,” he added.
