Glen Sussman Named Tassat CEO to Drive Institutional Growth
Tassat Group has promoted Glen Sussman to CEO, succeeding Zain Saidin. Sussman joined Tassat in 2021 as president and chief strategy officer. The blockchain settlement firm aims to accelerate institutional growth under his leadership. Saidin will stay on as a senior adviser.
During Sussman’s tenure, Tassat launched Lynq, a real-time, interest-bearing settlement network for digital asset institutions built with Arca Labs and tZERO. The company also introduced the Digital Interbank Network, the first US tokenized deposit network within the regulatory perimeter. These platforms underpin Tassat’s blockchain settlement infrastructure and support stablecoins, tokenized deposits, and digital asset securities.
Tassat plans to expand Lynq’s reach and hit key development milestones to increase adoption among institutional partners. Sussman emphasized deploying compliant, institutional-grade infrastructure to drive the next phase of regulated finance.
Neutral
Glen Sussman’s appointment as Tassat CEO marks a strategic leadership change at a blockchain settlement provider. Such executive moves typically have minimal immediate impact on crypto prices, as they do not involve token issuance or protocol updates. Instead, they signal institutional confidence and maturity in blockchain infrastructure. Similar to past leadership transitions at financial blockchain firms, this change supports long-term market expansion but is unlikely to drive short-term trading volatility. Traders focusing on institutional-grade settlement networks may view Tassat’s renewed emphasis on Lynq and the Digital Interbank Network as positive for stablecoin adoption and regulatory compliance. However, without a tradable token tied to Tassat’s performance, the broader crypto market should remain neutral. In the long term, stronger institutional infrastructure could underpin market stability and growth. For now, day traders are unlikely to adjust positions solely based on this appointment.