Blythe Masters Steps Down As CEO Of Digital Asset Holdings LLC

The CEO of Digital Asset Holding LLC Blythe Masters is officially stepping down from the position after working in the blockchain company for almost four years and in this blockchain news, we try to find out more.

Blythe Masters or better known as the Wall Street Veteran invented the credit default swaps and announced her resignation through the Digital Asset’s website for personal reasons. However, Masters will remain in cooperation with the company as a board member, shareholder, and a strategy advisor.

Masters joined the company in 2015 and quickly become one of the high profile finance experts that were associated with a blockchain startup. As a former JPMorgan official, she assisted Digital Asset in boosting the clientele and was integrating personalized blockchain solutions.

She was extremely important for the company for all the work she had previously done at JP Morgan and was seen as an innovator after she brought the credibility to the blockchain sector when there wasn’t too much experience in the sector.

As a replacement for the CEO position, AG Gangadhar will take the role as a tech industry veteran until a permanent replacement is found.

In a press release Masters said:

‘’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.’’

Master’s resignation comes in a critical moment where more than 50 percent of the blockchain projects failed to deliver a product. Many see this decision as the time when veterans start leaving the blockchain market due to the growing criticism of the crypto industry.