With energy prices rising, switch to a cheaper plan
Compare Prices Now

Dash brings on new CFO from Morgan Stanley, Citigroup

Posted: 22 March 2018 4:31 pm
shutterstock dash crypto logo 450x250

The new Dash cryptocurrency CFO, Glenn Austin, is bringing decades of experience with him.

The Dash Core Group, which leads development and maintenance of the Dash cryptocurrency network has announced the appointment of industry veteran Glenn Austin as its new chief financial officer (CFO) to head up 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," said Austin. “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."

Austin's career has spanned 20 years in the financial services industry, starting as an associate in Citigroup, then Morgan Stanley where he advanced to Vice President of the Morgan Stanley Investment Management. He eventually moved on to UBS and shifted over to leadership positions at the UBS consulting spinoff Chain IQ.

"Glenn is a highly-skilled financial professional with well-rounded experience spanning strategy and operations," said Dash 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.

Austin might be a timely arrival on the Dash team, with a wealth of experience in risk management and regulatory uncertainty currently weighing on cryptocurrency markets. For a coin like Dash, which focuses on private transactions, along with low fees and quick transfers, it might be an interesting conundrum.

Although it's one monetary digital cash token among many, Dash is set apart from most by its built-in self-governance structure that lets members vote on proposals, and if they're approved, administer payment for work done directly from the blockchain fees, as well as its focus on adoption as a mainstream payment system.

Its landmark product, Dash Evolution, is due for arrival in 2018 and aims to become the cryptocurrency industry's first easy-to-use "one click" decentralised payment platform.

How it works - your guide to Dash

Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC, NANO

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Latest cryptocurrency news

Picture: Shutterstock

Get into cryptocurrency

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site