The Dash Core Group, which leads development and maintenance of digital payment currency Dash, has hired financial industry veteran Glenn Austin as its new CFO. Mr. Austin will be in charge of financial operations for Dash Core Group, including budgeting, planning, risk management, investor relations, and accounting for the team.
“My interest in the cryptocurrency space has spanned several years, and in that time I’ve found Dash to be one of the most promising projects in the space,” Mr. Austin said. “Dash’s unique decentralized governance and treasury model has positioned it to be a dominant force in the cryptocurrency space, and I fully believe within the next decade it will become the primary digital currency for payments at retailers globally.”
Mr. Austin possesses an A.B. in Economics from Harvard and an M.B.A. in Finance and Management from Columbia Business School. He spent most of the past 20 years in the financial services industry, starting as an associate at Citigroup before moving on to Morgan Stanley. After advancing to the role of vice president at Morgan Stanley Investment Management, Mr. Austin took on a director role at UBS. Most recently he held a number of senior leadership positions at Chain IQ, a consulting firm spun out of UBS.
The Dash network’s treasury system requires Dash Core Group – and all other entities serving the Dash network’s needs – to submit proposals to, and gain sufficient votes from, the network to continue receiving funding. Mr. Austin will also manage the proposal requests from Dash Core Group.
“Glenn is a highly skilled financial professional with well-rounded experience spanning strategy and operations, and after an extensive search we’re confident that he is the right person to enable Dash’s continued growth,” said Dash Core Group CEO Ryan Taylor. “His role will help the Dash Core Group optimize its growing operations and manage financial risks within the decentralized governance system that has set the Dash project apart. I’m looking forward to working with Glenn in the years ahead.”
Mr. Austin’s role as CFO for Dash Core Group is effective immediately.