Twenty One Capital Appoints Raphael Zagury as New CEO, Jack Mallers to Step Down

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Twenty One Capital has appointed Raphael Zagury as its new CEO, with Jack Mallers stepping down to focus on Strike. Zagury, currently CEO of Elektron Energy, will lead the firm as it prioritizes capital protection in its evolving strategy. Mallers will no longer pursue a merger between Twenty One Capital and Strike, which will now operate independently. The company plans to outline its future direction, including considerations around risk-to-reward ratios, in the coming months.

Odaily Planet Daily reports: Stablecoin issuer Tether International announced that the Board of Twenty One Capital has appointed Raphael Zagury as the new CEO of Twenty One Capital. Zagury is currently the CEO of the Elektron Energy team and a member of the Twenty One Capital Board. Current CEO Jack Mallers will step down and devote himself full-time to Strike. Both parties are facilitating an orderly transition of responsibilities to ensure continuity during the leadership change. Twenty One Capital and Strike have determined that Strike is better suited to operate as an independent business, and they no longer consider a merger. Twenty One Capital stated that it will disclose further details regarding its future strategy and direction in the coming months.

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