Blog > 2023 > October > IOG appoints W. Sean Ford as CEO of newly created stablecoin venture

IOG appoints W. Sean Ford as CEO of newly created stablecoin venture

IOG is today announcing two new senior hires to form new stablecoin venture

23 October 2023 Tim Harrison 2 mins read

IOG appoints W. Sean Ford as CEO of newly created stablecoin venture

Input Output Global (IOG), a software research and development company, is proud to announce W. Sean Ford as the CEO with David Markley as COO of a newly created spinout company focused on the stablecoin space.

Sean has deep expertise as a tech entrepreneur and executive from his roles as a member of the founding team at Algorand Inc, where he served as COO and CEO, as CMO of Logmein (now GoTo), and as a senior executive and founder in several early, mid and late stage organizations.

David Markley is a multifaceted product and operations leader. Most recently, David led Algorand's Operations, Venture, and Business Solutions teams. Prior to his work in blockchain, David was a product manager at Carbon Black, a leading cybersecurity technology company.

'The stablecoin space is rapidly evolving as the next frontier in digital asset payments, settlement, and innovation,' said Sean Ford. 'I am excited to engage with the IOG team and the broader blockchain, stablecoin, and crypto community as we work collectively to create and launch the next generation of stable assets.'

Commenting on the new venture, IOG CEO & Founder Charles Hoskinson said, 'Since 2013, I’ve been heavily involved in researching and developing the mechanisms of algorithmic stability from BitShares to Djed. The blockchain industry needs stablecoins to realize its mission and fully protect its values. I’m incredibly proud to welcome my friend Sean Ford to lead a new venture to develop stablecoins and other payment solutions alongside their supporting ecosystems.

We have a unique opportunity to bring interoperability, security, and proper governance to our industry backed by our first principles research and evidence-based software approach. I believe this will deliver the promise of cryptocurrencies to the developing world and improve the systems of developed markets.

Sean has a wealth of experience working with many blockchain technologies and ecosystems. I’m excited to see his labors benefit Cardano, Algorand, and many other great communities in the coming years.'