Blockchain.com has a new co-CEO. Lane Kasselman will now serve as the chief executive officer, sharing responsibilities with Peter Smith, who will remain in the London Global Headquarters acting as CEO and Executive Chairman.
At the same time, the company will open a new HQ in Dallas, Texas – better positioning itself to benefit from the growth in digital assets in the US, as well as the shift of more firms to the South, like Texas.
Kasselman has been with the company for almost ten years, first serving as the Chief Business Officer. Smith said as co-CEO, he will be focused on global expansion and accelerating adoption.
Tom Horton, Lead Independent Director of Blockchain.com’s Board, said the dual leadership approach will enable the company to work more efficiently.
While some companies have instituted a dual leadership approach, most do not, as overlapping titles can blur responsibilities at times. The Board’s decision may indicate an ongoing transition.
Dallas is an interesting city as more firms rethink doing business in New York City following its election of a Marxist mayor. Texas, Tennessee, and Florida have been big winners in recent years in luring firms to move to these business-friendly states, while traditional finance hubs have taken financial firms for granted. Dallas is also home to the Texas Stock Exchange (TXSE), which will commence operations in the near future.
