Barry Silbert has achieved a remarkable return to gray investments, the source of the Asset Management Company and the source of the Crypto Exchange Trader (ETF), as president, just weeks after the Crypting Asset Director foot Confidentially for the initial public offering (public subscription) in the United States.
Silbert, who founded Grayscale in 2013, from Mark Chevik, who will remain in the board of directors where the company is preparing for its future as an entity that was circulated to the public. This leadership transition also coincides with Grayscale plans to bring independent managers to enhance their judgment.
A new executive team in Grayscale
In a big step to support its executive team, Grayscale has appointed four professionals who have wide backgrounds in traditional financing (Trafi).
According to To announce the company, which was released on Monday, the new appointments include Diana Chang as CEO of Operations and Ramona Boston as CEO of Marketing, Andrea Williams as President of Communications and Maxwell Rosental in the position of chief human resource employee.
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These executive managers join gray from companies such as Bridge, Paulo, Goldman Sachs and the castle, where they were directly informed of CEO Peter Mintzburg, who was at the top of last year. Mentzburg:
This mixture of institutional accuracy and leadership leadership is every aspect of how we work in Grayscale, allowing us to provide innovative investment strategies to customers with the operational integrity they expect from a reliable partner.
Silbert’s return comes at a critical turn of the company, following a turbulent period of organizational scrutiny. He resigned from his position as president in late 2023, just before the rule of the US Securities and Stock Exchange (SEC) ETFSIncluding a long -term GrayScale effort to convert Bitcoin (GBTC) to ETF.
At almost the same time, the parent company of Silbert, Digital Currency Group (DCG) faced legal challenges from the New York Prosecutor regarding the collapse of Crypto Linding Company Genesis, and its relationships to the Crypto Exchange’s Conse, with Silbert itself in the lawsuit.
Regulatory opposite winds
He has statement After this announcement, Silber expressed his enthusiasm over joining gray, focusing on his faith in the direction of the company and the team that leads him. Note Silbert:
When Grayscale founded in 2013, we saw a tremendous opportunity to lead a new model to access digital assets and investment, and to build the operational infrastructure that investors will ultimately demand. Today, I still persuade deeply to locate the company in the long run and in the leadership team that directs it forward.
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Grayscale currently runs more than $ 35 billion through a variety of investment products in encryption, including instant bitcoin and ethereum Investment funds, as well as various digital asset funds.
Earlier this year, DCG has reached a settlement of $ 38 million with the US Securities and Exchange Committee on the allegations of misleading investors through Genesis Global Capital, a DCG company.
The settlement adds to the ongoing organizational challenges facing DCG, as it filed the New York Prosecutor Littia James a lawsuit against Genesis, Genesis, and DCG on the encryption lending program, claiming that they defrauded more than 29,000 New York residents with a hiding $ 1.1 billion of losses.
Distinctive image from Fortune, Chart from TradingView.com
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