Tassat® Appoints Glen Sussman as Chief Executive Officer to Lead Next Phase of Growth

Zain Saidin to become Senior Advisor and remain a Board Member, supporting execution of firm’s institutional growth strategy

NEW YORK--(BUSINESS WIRE)--Tassat Group, Inc., the leading provider of blockchain-based real-time settlement solutions, today announced the appointment of Glen Sussman as Chief Executive Officer. Sussman succeeds Zain Saidin, who will transition to a new role as Senior Advisor and continue to serve on Tassat’s Board of Directors.

Sussman brings deep institutional knowledge and a long history with Tassat to the role, having previously served as Chief Operating Officer and, most recently, President & Chief Strategy Officer. He was a driving force behind the development and launch of Lynq, the real-time, interest-bearing settlement network for digital asset institutions, built in collaboration with Arca Labs and tZERO Group. Sussman also played a pivotal role in launching the Digital Interbank Network, the nation’s first interbank tokenized deposit network operating within the U.S. regulatory perimeter.

“Glen has been instrumental in advancing Tassat’s strategic priorities and scaling our infrastructure,” said Zain Saidin. “His leadership and operational expertise have positioned the company to expand real-time digital asset settlement and deliver innovative solutions across the financial services landscape.”

Sussman steps into the CEO role at a time of accelerating momentum for Tassat, on the heels of the successful launch of Lynq and a quickly growing ecosystem of institutional partners. With its unique end-to-end settlement platform and foundational “interest-in-transit” IP, Lynq is advancing a robust development pipeline with key milestones expected in the months ahead.

“Tassat is uniquely positioned to power the next chapter of market infrastructure, and I’m honored to lead the company through this next phase,” said Glen Sussman, Chief Executive Officer. “We look forward to deploying solutions that accelerate the adoption of stablecoins, tokenized deposits, and digital asset securities, while delivering compliant, institutional-grade infrastructure to drive the future of regulated finance.”

Looking ahead, Tassat will work to broaden market access, unlock new use cases for real-time programmable settlement, and scale institutional adoption of tokenized assets within regulated frameworks.

About Tassat Group

Tassat Group, Inc. delivers institutional-grade blockchain solutions that enable partners to transact in real-time with greater efficiency, speed, and transparency. Having settled more than $2.5 trillion to-date on behalf of leading digital asset institutions, Tassat’s digital infrastructure operates within regulatory perimeters in global markets to enhance instantaneous transaction and settlement capabilities across industries such as financial services, digital assets, healthcare, and construction. Tassat was honored with a 2021 Google Cloud Customer Award for innovation in financial services and was the US FinTech Award winner for Payments Tech in 2023. For more information, visit us at www.tassat.com, on X or LinkedIn.