Grayscale Prepares for IPO... Barry Silbert Returns as Chairman

On the 4th (local time), The Block, a media outlet specializing in virtual assets (cryptocurrency), reported that Barry Silbert has returned as chairman of Grayscale and that the company is currently preparing for an initial public offering (IPO).

Alongside this, Grayscale announced that it has brought on four new top executives.

The new additions are Diana Zhang (Chief Operating Officer), Ramona Boston (Chief Marketing Officer), Andrea Williams (Chief Communications Officer), and Maxwell Rosenthal (Chief Human Resources Officer).

All of them are individuals who have built their careers at major established financial institutions such as Bridgewater, Apollo, Goldman Sachs, and Citadel.

Silbert is the founder of Grayscale in 2013 and had stepped down from the board late last year ahead of the U.S. Securities and Exchange Commission (SEC)'s review deadline for the Bitcoin (BTC) exchange-traded fund (ETF) approval.

This return follows Mark Shifke, who retains his directorship.

Regarding his return, Silbert stated, "The digital asset industry is at a pivotal turning point," and "I am honored to return as chairman, and my confidence in Grayscale's long-term vision remains unwavering."

Currently, Grayscale is managing more than 30 products, including spot Bitcoin and Ethereum (ETH) ETFs, with assets under management (AUM) exceeding $35 billion.