- Blythe Masters has stepped down from her role as CEO of blockchain company Digital Asset Holdings for personal reasons.
- Masters is a former JPMorgan executive and one of the biggest names in the blockchain industry.
Blythe Masters, one of the biggest names in the blockchain space, has stepped down from her role as CEO of distributed ledger technology provider Digital Asset Holdings.
The news came in a release from the company on Tuesday, which said Masters, who has served as Digital Asset’s CEO since 2015, requested to step down for “personal reasons.”
Prior to joining Digital Asset, Masters served as an executive at JPMorgan, helping to create the market for credit default swaps in the 1990s and later heading up its global commodities division.
After joining Digital Asset, Masters become one of the most recognizable faces and vocal proponents of the benefits of distributed ledger technology.
AG Gangadhar, who joined the company’s board of directors in April, was named Board Chairman and acting CEO while a search commences for a permanent replacement, the release said. Masters will still serve as a company board member, strategic advisor and shareholder.
“Digital Asset has evolved from an ambitious idea to a truly global software engineering firm. 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,” said Masters in a statement. “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.”
We got a hold of the note Masters sent to company staff following a town hall meeting Tuesday night:
All, I want to add a personal note to the announcement which I know will have come as a surprise.
I have three important things to say:
Firstly, my belief in DA, and the potential for DLT is as strong as it has ever been. I remain a shareholder, advisor and board member and will be your eternal advocate.
Second, I am grateful for and will be forever influenced by the experience of working with you over the past four years to build this amazing company. I hope you are as proud as you should be of everything you have achieved and for those just joining I hope you are as excited as you should be about the future opportunity to scale out the company. Third, having got to know AG as an advisor and board member, I am convinced that along with our talented management team, he has exactly the right experience to guide the transition of the company from a startup with an ambitious vision to a global software engineering powerhouse.
Working as part of the DA family means the world to me, but I also work for my family’s future and I need to focus on this for a while. My DA email will work until you’re notified otherwise, but I will always be reachable on email@example.com.
Stay in touch.