RYVYL Chairman and Co-founder Ben Errez Retires from Board of Directors
RYVYL Inc. (NASDAQ: RVYL) announced that Chairman and Co-founder Ben Errez will retire from the Board of Directors, effective August 31, 2025. This follows his previously announced retirement from his management role on the same date.
The retirement aligns with RYVYL's strategic shift announced on June 16, 2025, focusing on crypto treasury management and digital asset acquisition. The company plans to accumulate cryptocurrency as a reserve asset, viewing it as a long-term store of value and a means to enhance financial resilience.
RYVYL Inc. (NASDAQ: RVYL) ha comunicato che il presidente e cofondatore Ben Errez si ritirer脿 dal Consiglio di Amministrazione, con effetto dal 31 agosto 2025. Ci貌 segue il suo ritiro gi脿 annunciato dall'incarico gestionale nella medesima data.
Il pensionamento 猫 in linea con il cambio di strategia di RYVYL annunciato il 16 giugno 2025, focalizzato sulla gestione della tesoreria in criptovalute e sull'acquisizione di asset digitali. La societ脿 intende accumulare criptovalute come riserva, ritenendole una riserva di valore a lungo termine e uno strumento per rafforzare la resilienza finanziaria.
RYVYL Inc. (NASDAQ: RVYL) anunci贸 que el presidente y cofundador Ben Errez se retirar谩 de la Junta Directiva, con vigencia desde el 31 de agosto de 2025. Esto sigue a su retiro ya anunciado del cargo de gesti贸n en la misma fecha.
La jubilaci贸n est谩 alineada con el cambio estrat茅gico de RYVYL anunciado el 16 de junio de 2025, centrado en la gesti贸n de tesorer铆a en criptomonedas y la adquisici贸n de activos digitales. La compa帽铆a planea acumular criptomonedas como activo de reserva, consider谩ndolas una reserva de valor a largo plazo y un medio para mejorar la resiliencia financiera.
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RYVYL Inc. (NASDAQ: RVYL) a annonc茅 que le pr茅sident et cofondateur Ben Errez prendra sa retraite du conseil d'administration, effective au 31 ao没t 2025. Cela fait suite 脿 son d茅part de ses fonctions de direction pr茅c茅demment annonc茅 脿 la m锚me date.
Cette retraite s'inscrit dans le cadre du virage strat茅gique de RYVYL annonc茅 le 16 juin 2025, ax茅 sur la gestion de tr茅sorerie en crypto et l'acquisition d'actifs num茅riques. La soci茅t茅 pr茅voit d'accumuler des cryptomonnaies comme actif de r茅serve, les consid茅rant comme une r茅serve de valeur 脿 long terme et un moyen de renforcer la r茅silience financi猫re.
RYVYL Inc. (NASDAQ: RVYL) gab bekannt, dass der Vorsitzende und Mitbegr眉nder Ben Errez zum 31. August 2025 zur眉cktreten wird. Dies folgt auf seinen bereits angek眉ndigten R眉cktritt von seiner Managementposition zum selben Datum.
Der R眉cktritt steht im Einklang mit RYVYLs strategischer Neuausrichtung, die am 16. Juni 2025 angek眉ndigt wurde und sich auf Krypto-Treasury-Management und den Erwerb digitaler Verm枚genswerte konzentriert. Das Unternehmen plant, Kryptow盲hrungen als Reserveverm枚gen anzusammeln, da es diese als langfristigen Wertspeicher und Mittel zur St盲rkung der finanziellen Widerstandsf盲higkeit betrachtet.
- Strategic alignment of leadership transition with new crypto focus
- Planned accumulation of crypto assets as reserve holdings
- Orderly succession process with advance notice
- Loss of experienced co-founder leadership
- Significant strategic pivot to crypto assets carrying inherent risks
- Potential uncertainty during leadership transition period
SAN DIEGO, CA, Aug. 29, 2025 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL鈥� or the "Company") today announced the Chairman and Co-founder Ben Errez has retired from the Board of Directors, in conjunction with his previously announced retirement, effective August 31, 2025. As announced on August 15, 2025, Mr. Errez will be retiring from his management role, effective on August 31, 2025.
鈥淟eading RYVYL has been one of the greatest honors in my career,鈥� said outgoing Chairman Ben Errez. 鈥淭ogether with co-founder Fredi Nisan, I had the opportunity to lead a remarkable team, as we set out to transform the way businesses and consumers think about payments, security, and financial innovation. We built the company organically and via acquisitions, I am grateful to the many employees, investors, partners, and friends who have supported this journey.
鈥淎s I鈥檝e planned my retirement and the company is embarking on an entirely new phase in its evolution focusing on crypto treasury management, I felt the time is right to also step down from my board role. I look forward to watching RYVYL鈥檚 plan unfold, while devoting more time to family, personal passions, and new opportunities. I have full confidence in the leadership team and Board as RYVYL embarks on its new chapter.鈥�
On June 16, 2025, the Company announced strategic actions and an enhanced business plan to include a digital asset acquisition strategy. The company plans to accumulate crypto as a reserve asset, viewing it as both a long-term store of value and a means to strengthen financial resilience and strategic flexibility. This strategic transition in leadership is designed to align with the Company鈥檚 focus on digital assets and treasury management.
About RYVYL
RYVYL Inc. (NASDAQ: RVYL) was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business, and peer-to-peer payment transactions around the globe. By leveraging electronic payment technology for diverse international markets, RYVYL is a leading innovator of payment transaction solutions reinventing the future of financial transactions. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants, and consumers around the globe.
Cautionary Note Regarding Forward-Looking Statements
This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company鈥檚 current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements that are characterized by future or conditional words such as "may," "will," "expect," "intend," "anticipate," 鈥渂elieve," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.
By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements. Risk factors affecting the Company are discussed in detail in the Company鈥檚 filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.
IR Contact:
David Barnard, Alliance Advisors Investor Relations, 415-433-3777,
FAQ
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