Blythe Masters Resigns From Digital Asset Holdings LLC

Blythe Masters Resigns From Digital Asset Holdings LLC

Blythe Masters will be resigning as the chief executive officer of Digital Asset Holdings LLC after serving almost four years in the blockchain software firm.

The Wall Street Veteran, known for inventing credit default swaps, said through Digital Asset’s press release that she was quitting over personal reasons but will remain involved with the firm as a board member, strategy advisor, and shareholder.

Blythe Masters joined Digital Asset in 2015 and became one of the first high profile finance veterans that associated themselves with a blockchain startup.

An FT source from the industry said: “She had a pretty big impact because she was one of the only proponents of blockchain in the early days,”

“She was important because of what she did at JP Morgan, where she was seen as an innovator. She brought the [blockchain] sector credibility at a time when there wasn’t much experience.”

Digital Asset board member and tech industry veteran AG Gangadhar have assumed the role of Digital Asset acting CEO until a permanent replacement is found.

The press release stated, “We are fortunate to have a deep bench of accomplished executives on the management team and Board, including AG, who have the requisite experience to take the company to the next level. Having come to know and trust AG as an advisor and Board member, I am convinced that he brings what’s needed to guide the company through its next phase”