Nash has appointed Kellogg Fairbank as CEO. Before being tapped for the position, Fairbank served as Nash’s head of global business development – a position he held since joining the team in July 2020. On his new role, Fairbank said:
My first task as CEO of Nash will be to improve our internal processes around product management. We have a great engineering team and a fantastic vision for our products, but we’ve had issues in the past with delivery time and quality control. I’ll be making sure there is more accountability for delivering bug-free software on time, which will also help our marketing team coordinate their promotion.
Nash is a non-custodial blockchain services provider. Nash’s token, NEX, is the first regulated European security token. Since its founding, the team has built a regulatory compliant exchange and unique protocols to securely trade funds in a decentralized manner.
Fairbank will steer Nash towards combining traditional financial offerings with its non-custodial blockchain services, as previously announced in Feb. 2021. New Nash products will include fiat-based checking accounts, high-yield savings accounts powered by DeFi, and a cryptocurrency-backed debit card.
Additionally, Fairbank intends to help Nash prepare for a traditional fundraising round. Fairbank noted, “As Nash gets ready to expand in Europe, I’ll be working to optimize our growth strategy, build a strong company image, and foster our network of partners – all of which will put us in a great position to raise Series A funding later this year.”
The previous co-CEOs, Ethan Fast and Fabian Wahle, will continue to head their technical and legal teams, respectively.
The full announcement can be found at the link below: