Nash appoints new CEO, Kellogg Fairbank, former head of global business development
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.