May 10, 2023 Appoints CEO and New Chair as It Bolsters Executive Team

Jarrad’s appointment as CEO follows a short period as interim CEO since taking over the reins from Dave Sissens in February. Dave remains an active member of the extended team, as an Advisor to the company.

Marcus has been a member of the board for two years and is taking on the newly-formed Executive Chair role in support of Jarrad and his executive team, as the business scales up in 2023 and beyond. Stan Spavold, who has chaired the Board since the company’s inception, will remain a key member of the board going forward.

“We would like to extend our utmost thanks and gratitude to Stan for his many years of exceptional work and dedication as our Chair, helping to develop into the market-ready business it is today,” said CEO, Jarrad Hubble.

“We are incredibly excited by this next phase of rapid growth for and could not be happier to have Marcus in the role of Executive Chair to help spearhead our continued progress,” Hubble continued. “I am delighted to assume the role of CEO in a permanent capacity and look forward to working alongside our incredibly talented team to deliver on our vision this year and beyond.” is on a mission to remove friction from cross-border payments and liquidity management by eliminating settlement risk with step-change innovation.

Spurred on by its belief that a fresh approach is needed to modernise the way money moves across borders,’s view is that the transfer of money should be as easy as the transfer of information.’s vision is to directly interconnect banks and clearing services around the world into a global network, so that banks in any country can exchange value across different currencies, and send and receive payments instantly across these currency pools.

Over the past 12 months, has expanded into the Americas and Asia Pacific regions as it engages central banks and commercial banks, doubling its headcount in the process.

Marcus Treacher added: “It’s a real honour to take on the role of Executive Chair.'s unique solution can fundamentally change the way money moves around the world, solving the underlying settlement problems that have held back improvement for so long. It’s imperative that we fundamentally re-wire the foundations upon which money moves, and create a better model that serves communities, banks, companies and governments enabling them to benefit more fully from today’s rapidly moving global digital economy.”

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