Orbs Appoints Veteran Ran Hammer as CEO to Drive DeFi Growth

Orbs, a decentralized Layer-3 blockchain infrastructure provider, has appointed company veteran Ran Hammer as its new chief executive officer. According to a company announcement on September 10, former CEO Nadav Shemesh will move into the role of executive chairman as part of the leadership transition.

Leadership Transition

The move places Hammer, who has been with the project since its inception in 2017, in charge of day-to-day operations and strategic execution. He previously served as the company's chief business officer, where he was responsible for leading integration efforts and building out the protocol's partner network.

In his new capacity as executive chairman, Nadav Shemesh will remain closely involved with the company, concentrating on long-term strategy and supporting the new leadership team. The company stated the transition is designed to maintain strategic continuity while positioning Orbs for its next growth phase.

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Strategic Focus on On-Chain Finance

Hammer's appointment comes as Orbs aims to expand its footprint in the decentralized finance (DeFi) ecosystem. The company's technology functions as a Layer-3 infrastructure, providing an additional execution layer for decentralized exchanges to offer more complex trading functionalities.

"My focus as CEO will be on building on that foundation, working closely with our team and partners to expand the role Orbs can play in advancing the adoption of on-chain finance across retail, institutional, professional, and agenic flows," Hammer said in the announcement. Orbs-powered protocols currently support features such as advanced trading orders, liquidity aggregation, and decentralized derivatives.