Blockchain payments provider Tassat Group has announced the appointment of Glen Sussman as its new Chief Executive Officer, as conveyed in a press release on Tuesday.
Sussman, who has been with Tassat since 2021, takes over from Zain Saidin, who will continue with the company as a board member and will step into a new role as senior adviser to aid Tassat’s strategy for institutional growth.
- Key Details:
- Sussman previously held the positions of president and chief strategy officer at Tassat.
- During his tenure, he played a pivotal role in launching critical products such as Lynq, a real-time, interest-generating settlement network for digital asset institutions, and the Digital Interbank Network, the first U.S. tokenized deposit network that operates within regulatory boundaries.
The leadership transition occurs as Tassat seeks to enhance the reach of Lynq, a fully integrated settlement platform that operates under “interest-in-transit” intellectual property.
Tassat anticipates achieving essential development milestones in the near future as it plans to expand access and boost adoption among institutional partners.
Sussman emphasized that “Tassat is uniquely positioned to propel the next chapter of market infrastructure,” stating that the company is looking forward to implementing solutions that foster the use of stablecoins, tokenized deposits, and digital asset securities, while providing compliant, institutional-level infrastructure to shape the future of regulated finance.
