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Digital Asset Holdings Seek for a New CEO as Blythe Masters Is Stepping Down

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by Darya Rudz · 3 min read
Digital Asset Holdings Seek for a New CEO as Blythe Masters Is Stepping Down
Photo: Digital Asset / Twitter

While the company is looking for a new CEO, the post will be temporarily taken up by AG Gangadhar, who joined the firm’s board of directors in April.

Digital Asset, the leading provider of distributed ledger technology (DLT), has lost its CEO Blythe Masters, one of the outstanding figures in the blockchain space.

Blythe Masters became CEO of New York-based Digital Asset in March of 2015, several months after the company launched. Prior to joining Digital Assets, Masters served as a JPMorgan Chase executive. According to the Global Fund for Women, Masters is also chair of the Governing board of the Linux Foundation’s Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the United States Chamber of Digital Commerce.

After joining Digital Asset, Masters become one of the most prominent figures and vocal proponents of the benefits of distributed ledger technology. One of the most well-known women in the cryptocurrency space, Masters facilitated establishing partnerships with banks worldwide. Under her leadership, Digital Asset partnered with some big companies including the Depository Trust and Clearing Corporation, Google Cloud and the Australian Securities Exchange.

Now, three a half years later, Blythe Masters is stepping down. According to the company’s announcement, she has requested to leave for personal reasons.

While the company is searching for a permanent replacement, the post of an acting CEO will be now taken up by AG Gangadhar, who joined the firm’s board of directors in April. Previously, Gangadhar worked at Google, Microsoft, Amazon, Cruise (GM) and Uber.

Masters wrote:

“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.”

She has also expressed confidence in Gangadhar:

“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.”

She added:

“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.”

Michael Bodson, president and CEO of the Depository Trust and Clearing Corporation and member of the Digital Asset board, thanked Masters for working at Digital Asset and contributing to the company’s growth. He said:

“On behalf of the Digital Asset Board, I would like to thank Blythe for her leadership and vision, which has propelled the company from a promising startup to a globally recognized leader in DLT. We are excited to have a world-renowned technologist like AG to help take the company forward.”

Meanwhile, Masters will stay active in Digital Asset’s operations as a board member, strategic advisor, and shareholder.

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