\u201cWe\u2019ve assembled a team that brings together a powerful combination of experience from the world\u2019s most respected financial institutions with forward-looking innovation in the digital asset space,\u201d Mintzberg said.<\/p>\n<\/blockquote>\n
The group will help Grayscale further scale its operations and offer the services clients need and success shareholders deserve, he added.\u00a0<\/p>\n
Barry Silbert, founder of Grayscale, is back as the company\u2019s board chair. Accordingly, he takes over from Mark Shifke, who joined in 2023 after Silbert\u2019s departure, and now takes up the role of a board member.<\/p>\n
Silbert resigned as the chairman of Grayscale\u2019s board of directors in December 2023, with this coming amid regulatory heat that the Digital Currency Group founder and CEO faced from the New York Attorney General. <\/p>\n
The lawsuit against DCG in relation to its lending arm Genesis and accusations surrounding Gemini Earn, also named Silbert. His resignation also came at a time Grayscale was eyeing approval of its application to convert its Bitcoin (BTC) fund GBTC to a spot Bitcoin exchange-traded fund. The SEC approved the spot ETF and a lot has since happened, including settlements in the Genesis\/Gemini Earn lawsuits.\u00a0<\/p>\n
\n\u201cI\u2019m honored to rejoin the Grayscale board at a defining moment for both the company and the broader digital asset ecosystem,\u201d said Silbert. \u201cWhen I founded Grayscale in 2013, we saw an enormous opportunity to pioneer a new model for accessing and investing in digital assets, and to build the operational infrastructure that investors would ultimately demand.\u201d<\/p>\n<\/blockquote>\n
Grayscale says Silbert\u2019s return as chair \u201cwill bring founder-level conviction, strategic perspective, and historical insight\u201d to the company. It\u2019s also a move aimed at putting the company on the march through its next phase of growth.\u00a0<\/p>\n
Notably, Grayscale recently confidentially filed for an IPO in the United States.<\/p>\n
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