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The Block Appoints Former Azuki COO as New CEO, Foresight Ventures Commits Additional $10 Million Investment
On April 27, The Block announced the appointment of seasoned 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 phase 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 held positions as Chief Growth Officer at Fox Corporation, Chief Digital Officer at Fox Television, CEO of CJ ENM America, and COO of Azuki. He stated that he will leverage AI to enhance the depth, speed, and practicality of insights, aiming to establish The Block as a global platform for digital asset investors and decision-makers. Foresight Ventures partner Zac Tsui noted that Steve’s background in capital markets, media, and the crypto industry makes him the ideal leader to guide the company towards becoming a global institutional platform.