KEY TAKEAWAYS
- The Sui Foundation appoints Christian Thompson as its new Managing Director, marking a new leadership phase.
- Sui has achieved significant milestones, including over $1.5 billion in TVL and launching major stablecoins like USDC and FDUSD.
- Thompson aims to expand Sui’s reach, leveraging his experience from Mysten Labs and Meta to engage the global community.
- Raoul Pal emphasizes Sui’s potential to become a gateway for the next billion crypto users under Thompson’s leadership.
The Sui Foundation has announced the appointment of Christian Thompson as its new Managing Director. This leadership change comes at the end of a significant year for the Sui ecosystem, which has established itself as a prominent Layer 1 blockchain known for its speed, scalability, and efficiency. The announcement was made here.
Thompson’s appointment marks a new chapter for the Foundation following a series of achievements in its first 18 months of Mainnet operation. These achievements include surpassing $1.5 billion in Total Value Locked (TVL), entering the top 10 of all blockchains in weekly decentralized exchange (DEX) volume, and launching two multi-billion dollar stablecoins, USDC and FDUSD. Additionally, the Foundation has onboarded institutional giants such as Franklin Templeton, VanEck, and Grayscale.
Thompson’s Vision for Sui’s Future
Christian Thompson, who previously contributed to Mysten Labs and held roles at Meta, including Deputy CISO and as an early member of the Libra/Diem project, will focus on advancing the Foundation’s mission from the Cayman Islands. His experience spans tech, finance, and blockchain sectors, which he plans to leverage to engage with enthusiasts, developers, and the global Sui community.
Thompson expressed his commitment to expanding Sui’s reach, stating, “In less than two years, due to its scalable and accessible design, Sui has grown into a top destination for millions of crypto users. Now, we face a critical juncture—where billions more users can realize the benefits of Web3—and it’s my honor to help the Sui Foundation empower this next wave of builders.”
Legacy and Transition
Thompson succeeds Dr. Greg Siourounis, who served as the Foundation’s Managing Director since its inception in 2023. Siourounis played a crucial role in guiding Sui through its launch and early achievements, including the introduction of innovative products and features such as zkLogin, liquid staking, and DeepBook, DeFi’s wholesale liquidity layer. He will continue to contribute to the Foundation as a strategic advisor.
Raoul Pal, a Sui Foundation Board Member and CEO of Real Vision, commented on the transition, highlighting the potential for mainstream adoption of decentralized technology. He noted, “I believe Sui will be the entry point for the next billion crypto users. As Managing Director of the Sui Foundation, Christian will be able to bring that vision to life.”
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