Tassat names glen sussman CEO as firm eyes on the next phase of institutional growth
Blockchain payment provider Tassat Group has appointed President and chief strategy Glen Sassman as the new chief executive officer, the company said in a press release Tuesday.
Sussman, who joined Tassat in 2021, will succeed in the outgoing CEO Zain Saidin. Saidin will remain at the company board and will play a new role as senior adviser, who supports the approach to the Tassat institution’s growth, the company said.
During Sussman’s time with the firm, he helped launch its flagship products.
This includes Lynq, a real-time, network of interest for digital assets, developed using ARCA and Tzero labs, as well as the digital interbank network, the first US tokenized deposit network operating within the regulation perimeter, Tassat said.
The change of leadership arises as Tassat views the Lynq trace, which it describes as a fully integrated settlement platform supported by the “interest-in-transit” intellectual-owned “interest-in-transit”.
The company said it is expected to hit major milestones of development in the early months as it works to expand access and increase adoption of institutional partners.
“The Tassat is uniquely positioned in power in the next chapter of market infrastructure,” Sussman said in the release.
“We look forward to deploying solutions that accelerate the adoption of stablecoins, tokenized deposits, and digital asset securities, while delivering the following, institutional grade infrastructure to encourage the future of regulated finance,” he added.
