Barry Silbert has rejoined Grayscale Investments as chairman just weeks after the company filed confidentially for a public listing.
Return of Barry Silbert
Silbert, who founded Grayscale in 2013, replaces Mark Shifke, who will remain on the board. His return comes as the company prepares for life as a public firm.
New Leadership at Grayscale
With Silbert's return, Grayscale has brought in four senior executives with extensive experience in traditional finance. They include Diana Zhang (COO), Ramona Boston (CMO), Andrea Williams (CCO), and Maxwell Rosenthal (CHRO), joining from firms such as Bridgewater, Apollo, Goldman Sachs, and Citadel.
Turbulent Period for Silbert
Silbert stepped down as chairman in late 2023 ahead of the SEC’s ruling on spot bitcoin ETFs. Around the same time, his parent company Digital Currency Group (DCG) encountered legal challenges from New York’s attorney general regarding the collapse of Genesis and its ties to Gemini’s Earn program. Silbert was named in the lawsuit. He stated, 'I’m honored to return to the board at such a pivotal time. I believe strongly in where the company is headed and the team leading it.'
Silbert's return to Grayscale Investments highlights his significant role within the company amid its challenges and changes. Grayscale manages over $35 billion in diverse crypto investment products.
