The Diem Association

The Diem Association is an independent membership organization, headquartered in Geneva, Switzerland.

Open Source

Fostering an open-source community to spur the development of a robust network of financial products and services to help people access and use the Diem payment system.


Growing the network by adding more validator nodes and coordinating the technical roadmap among the validator nodes.


Facilitating the provision of services in the Diem payment system in a safe and compliant manner.


The Association is responsible for the governance of the Diem network and the development of the Diem project.


The Association is governed by the Diem Association Council, which is comprised of one representative per Association Member.

Member responsibility


Members participate in key decision making for the Diem network and the Reserve. They oversee the operation of the payment system, facilitate the provision of services on top of the blockchain in a safe and compliant manner, and establish social impact grant-making in support of financial inclusion.


Members run the validator nodes that operate the blockchain. Validator nodes are responsible for securing the network and validating transactions on the blockchain.


Members are responsible for developing the long-term strategy for the network and the Reserve. Each Member has one vote to ensure that no one Member has too much control over the network.

Diem Association Executive Team

The Executive team provides overall strategic and operational leadership of the Diem Association and Diem Networks.

Stuart LeveyCEO

Stuart serves as CEO providing overall strategic and executive leadership for the project. He brings vast experience from the banking, regulatory, compliance and national security domains to the Diem project.

Dahlia MalkhiChief Technology Officer

Dahlia serves as the overall technology lead for the project and drives the technical development roadmap, open source policy and product development. She also serves as the lead maintainer in consultation with the Technical Steering Committee (TSC).

Steve BunnellChief Legal Officer

As Chief Legal Officer, Steve leads overall legal and regulatory strategy and is the Chief Counsel to the Board of Directors and executives. Steve brings a wealth of legal experience at the highest levels of government and private practice.

Christy ClarkChief of Staff

Christy serves as the Chief of Staff and drives integrating overall strategy as well as external relations for the group. Christy brings two decades of financial services and national security experience across the public and private sectors.

Christian CataliniChief Economist

Christian is the Chief Economist, co-creator of Diem, and a professor at MIT (on leave). He is focused on the economic, market design, growth incentives, and business model aspects of the project. He brings experience in cryptoeconomics, strategy, and entrepreneurship to the leadership team.

Kiran RajExecutive Vice President

As an Executive Vice President, Kiran leads overall ecosystem development, growth strategy, business design and execution for the project. As a key leader on the executive team, Kiran brings years of legal, regulatory, and technology experience to the project.

Diem Networks Executive Team

The Executive team provides overall strategic and operational leadership of Diem Networks.

James EmmettManaging Director

James serves as Managing Director overseeing the day-to-day operations of Diem Networks and providing overall executive leadership. James brings vast experience as a financial services leader driving the operations of the regulated payment system.

Bertrand PerezChief Operating Officer

As Chief Operating Officer, Bertrand is responsible for the day-to-day operations of Diem Networks. Bertrand brings expertise in payments innovation and extensive management experience of regulated projects to the team.

Ian JenkinsChief Financial and Risk Officer

Ian is the Chief Financial and Risk Officer responsible for all risk and finance-related activities. Ian brings three decades of senior leadership experience in financial services across a variety of executive roles in risk, operations, and strategy.

Sterling DainesChief Compliance Officer

Sterling is the Chief Compliance Officer of Diem Networks and leads all aspects of financial crime compliance. Sterling brings extensive experience in the financial crime compliance discipline having had leadership roles across banking, financial services, and standard-setting bodies.

Saumya BhavsarGeneral Counsel

As General Counsel of Diem Networks, Saumya is responsible for advising executives, senior management, and the Board on various legal and regulatory matters. Saumya brings more than twenty years of experience in the public and private sector focused on financial services.

Kurt HemeckerChief of Staff

Kurt serves as Diem Network’s Chief of Staff and is responsible for internal strategic and operational coordination and alignment. Kurt has years of experience in building and managing global efforts across payments, mobile technology, and fintech projects.

Kelly RichdaleHead of Business Development & Partnerships

Kelly is the Head of Business Development & Partnerships. She is responsible for developing and managing memberships, partnerships, and the project’s ecosystem. She brings a wealth of experience in technology, financial services, and multi-stakeholder engagement.

Board of Directors

The Board of Directors is comprised of six members. The board is charged with carrying out day-to-day management and representation of the Association.

Wences CasaresCEO of Xapo

Wences is a technology and finance entrepreneur who believes that cryptocurrencies could revolutionize the world.

Matthew DavieCSO of Kiva Microfunds

With a career focused on furthering financial inclusion, Matthew leverages emerging technologies for vulnerable populations around the world.

Patrick EllisGeneral Counsel of PayU

Patrick has worked predominantly in the banking and finance sector, with deep experience in fintech, payments, and their potential to build a world without financial borders.

Katie HaunGeneral Partner of Andreessen Horowitz

An expert on the intersection of technology and regulation, Katie advances responsible innovation, helping crypto projects and regulators take a forward-looking approach.

Stuart LeveyCEO of Diem Association

Stuart brings vast experience from the banking, regulatory, compliance, and national security domains to the Diem project.

David MarcusHead of Novi

David is a lifelong entrepreneur who believes blockchain technology will create better and more accessible financial services that work for everyone.

Technical Steering Committee

Appointed by the Council, the Technical Steering Committee (TSC) is comprised of representatives from seven Member organizations, tasked with overseeing and coordinating the technical design and development of the Diem network.

George Cabrera IIIDiem Core Product Lead of Novi

As Novi’s most senior Technical Product Manager and the product lead for the Diem testnet, George brings a broad and deep understanding of the Diem Blockchain to his role in governance.

Nick GrossmanPartner of Union Square Ventures

Nick brings extensive experience leading and advising technology startups in areas like fintech and blockchain to governance of the Diem project.

Joe LallouzCEO and Founder of Bison Trails, representing Coinbase

One of the world’s experts on blockchain scalability, security, and decentralization, Joe is committed to democratizing access to blockchain networks.

John S LeeInnovation Engineer of Shopify

John’s experience in leading blockchain development efforts, and standard development, provides a unique perspective steering the consensus-building within the Diem Tech stack.

Diogo MonicaCo-Founder and President of Anchorage

With deep expertise in software security, Diogo’s stewardship helps ensure that the Diem Blockchain design is based on the best of modern security engineering.

Ric ShrevesDirector of Emerging Technology of Mercy Corps

Ric’s focus is exploring the potential of distributed ledgers and digital payment systems as innovations for humanitarian aid and development.

Anand SubbarayanDirector of Product of Lyft

Anand is a technology and business leader who is passionate about financial empowerment and brings deep expertise in building payments and commerce solutions for consumers, small businesses, and merchants.


Members consist of geographically distributed and diverse businesses and nonprofit organizations. The Association continues to welcome new Members that meet the membership criteria and support the Association’s mission of building a trusted and innovative financial network that empowers people and businesses around the world. Contact us if you are interested in joining the Association.

Contact us

For all Association inquiries, contact us here.

The only official Diem site is As of June 2021, no Diem Coins have been issued, and the Association is not currently involved in any offering of Diem Coins.