New CEO of Chia Network Says the Firm Is on Accelerated IPO Plans By CoinEdition

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New CEO of Chia Network Says the Firm Is on Accelerated IPO Plans

Published Jan 20, 2023 09:30AM ET Updated Jan 20, 2023 10:00AM ET

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New CEO of Chia Network Says the Firm Is on Accelerated IPO Plans

Former COO of blockchain firm Chia Network Gene Hoffman has stepped in as the new CEO of the firm.

Founder Bram Cohen is the new Chairman of the Board and CTO, announces Hoffman.

Hoffman informed that the firm will file with the US SEC for an IPO soon.

The blockchain firm Chia Network has announced that it wants to accelerate its IPO plans, as former COO Gene Hoffman steps in as a new CEO. Hoffman released a statement that revealed that founder Bram Cohen was on board as the new Chairman of the Board and CTO.

In the statement, Hoffman said:

We have always said that we are on an accelerated timeline to complete an IPO, and this is one of the final important steps to prepare Chia Network for that next stage.

Hoffman also said that the plan was to deliver financial security to other 4 billion people outside US, EU, and UK markets as well as make the Western markets function better too. The broader adoption of Chia for real-world markets and transparent applications will be made through offers, DataLayer, and advanced custody.

Hoffman informed that the firm will file with the US Securities and Exchange Commission(SEC) for an initial public offering soon. However, the firm does not have public debut plans this year as the crypto market is still bearing the aftermath of bea ...

The post New CEO of Chia Network Says the Firm Is on Accelerated IPO Plans appeared first on Coin Edition.

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New CEO of Chia Network Says the Firm Is on Accelerated IPO Plans

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