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Posted on December 19, 2018 by staff

Shock departure for banker turned blockchain icon

Blythe Masters has stepped down from her role as chief executive of blockchain start-up Digital Asset.

The move comes after more than three years of leading the business, which is based in New York and has a UK office in London.

Masters joined Digital Asset after leaving her high-flying job as a JPMorgan Chase executive in 2014.

Digital Asset announced that Masters is leaving for personal reasons and that AG Gangadhar, who joined the company’s board in April, will serve as the acting CEO.

In the last three-and-a-half years, Masters has become one of most recognisable faces in the world of blockchain, championing the benefits of distributed ledger technology.

“Digital Asset has evolved from an ambitious idea to a truly global software engineering firm,” Masters said in a statement.

“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.”