Grayscale Investments has announced the return of founder Barry Silbert as board chairman in a move that also saw the digital asset manager expand its management team with new board hires.
Summary
- Grayscale founder Barry Silbert has rejoined the company as board chair.
- The company has also hired four other members to join the management team.
Barry Silbert’s return comes as Grayscale prepares for the company’s next phase of growth, according to an announcement.
As well as Silbert, Grayscale has added four new faces to its C-suite team, with Diana Zhang as chief operating officer, Ramona Boston as chief marketing officer, Maxwell Rosenthal as chief human resources officer and Andrea Williams as chief communications officer.
Zhang,Boston, Rosenthal and Williams will report to Grayscale chief executive officer Peter Mintzberg.
“We’ve assembled a team that brings together a powerful combination of experience from the world’s most respected financial institutions with forward-looking innovation in the digital asset space,” Mintzberg said.
The group will help Grayscale further scale its operations and offer the services clients need and success shareholders deserve, he added.
Silbert resigned in 2023
Barry Silbert, founder of Grayscale, is back as the company’s board chair. Accordingly, he takes over from Mark Shifke, who joined in 2023 after Silbert’s departure, and now takes up the role of a board member.
Silbert resigned as the chairman of Grayscale’s 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.
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.
“I’m honored to rejoin the Grayscale board at a defining moment for both the company and the broader digital asset ecosystem,” said Silbert. “When 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.”
Grayscale says Silbert’s return as chair “will bring founder-level conviction, strategic perspective, and historical insight” to the company. It’s also a move aimed at putting the company on the march through its next phase of growth.
Notably, Grayscale recently confidentially filed for an IPO in the United States.
