NYDIG CEO and President to Depart

According to Chain Catcher news and a report by CoinDesk, New York Digital Investment Group (NYDIG) announced that its CEO Robert Gutmann and President Yan Zhao will be leaving, but will remain with NYDIG's parent company Stone Ridge Holdings. Tejas Shah and Nate Conrad will serve as the new CEO and President, respectively, both of whom previously held positions as the institution's Global Head of Finance and Global Head of Payments.

It is reported that Shah and Conrad will focus on accelerating investments in NYDIG's mining franchise and facilitating institutional Bitcoin adoption by helping the company leverage the Lightning Network. (CoinDesk)