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The Block appoints former Azuki Chief Operating Officer as the new CEO, Foresight Ventures commits to an additional $10 million investment
Mars Finance reports that The Block announced the appointment of veteran media and technology executive Steve Chung as CEO to drive the company’s institutional expansion. At the same time, Foresight Ventures committed an additional $10 million investment to support its next stage of development. Former CEO Larry Cermak will continue to serve as President, focusing on research and product operations. Steve Chung’s career began at Goldman Sachs, and he has served as Chief Growth Officer at Fox Corporation, Chief Digital Officer at Fox Television, CEO of CJ ENM America, and Chief Operating Officer at Azuki. He stated that he will leverage AI to enhance the depth, speed, and practicality of insights, making The Block a global platform for digital asset investors and decision-makers. Foresight Ventures partner Zac Tsui said that Steve’s background in capital markets, media, and the crypto industry makes him an ideal leader to guide the company toward becoming a global institutional platform.