Gate News message, April 27 — The Block has appointed Steve Chung, a veteran media and technology executive, as CEO to lead the company’s institutional expansion. Chung brings extensive experience from Goldman Sachs, Fox Corporation (where he served as Chief Growth Officer), Fox TV Stations (Chief Digital Officer), CJ ENM America (CEO), and Azuki (Chief Operating Officer). Larry Cermak remains President, overseeing research, data, and product.
Foresight Ventures, which acquired The Block in 2023, has committed an additional $10 million in growth capital to support the company’s next phase of expansion. The Block plans to scale its institutional research and data offerings, expand enterprise business, and deepen its role as a key information provider in the digital asset ecosystem.
“The next generation of market leaders in information services will be defined by trust, proprietary data, and direct relationships with institutional audiences,” Chung said. “The Block has built a strong foundation across all three. The focus now is to scale that into a globally relevant platform for investors and decision-makers in digital assets, while applying AI to enhance the depth, speed, and utility of our insights.” Zac Tsui, partner at Foresight Ventures, added that platforms with proprietary data and institutional trust will be elevated most by AI, positioning The Block to capitalize on that opportunity.
