Colleen Sullivan, the CEO and co-founder of CMT Digital, the investment arm of Chicago-based proprietary trading firm CMT Group, has stepped down, according to a report from TheStreet.

  • The report cites two people familiar with the matter and does not say who will be replacing Sullivan.
  • CMT Digital has invested in several large firms in the cryptocurrency industry, including crypto derivatives platform ErisX, crypto lender BlockFi, blockchain lending startup Figure, crypto-friendly Silvergate Bank and crypto venture capital pioneer Polychain Capital.
  • Under Sullivan's leadership, CMT created the DeFi Alliance with other trading firms in Chicago last year.
  • The company has not responded to a request for comment from CoinDesk or stated anything publicly on its Twitter page.

This is a developing story. Check back for updates.

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Colleen SullivanCMT Digital
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