The Block announced the appointment of Steve Chung as Chief Executive Officer, positioning the company to expand its institutional presence at the intersection of digital assets, traditional finance, and artificial intelligence.

Chung succeeds Larry Cermak, who will continue as President, focusing on research, data, and product. The leadership transition comes as The Block seeks to scale its platform for institutional investors and market participants navigating the convergence of crypto markets and traditional financial systems.

Chung brings extensive experience across finance, media, and technology. He began his career at Goldman Sachs and has held senior leadership roles including Chief Growth Officer at Fox…