Yesterday evening Digital Asset
announced that CEO Blythe Masters has requested to step down for personal reasons. She will remain as a board member, strategic advisor and shareholder. The enterprise blockchain firm is best known for its work on the Australian Securities Exchange’s replacement clearing system. It plans to extend its high profile in financial services into other verticals such as healthcare and supply chain. The company has raised more than $110 million with the last round in October 2017.
The fact that Masters is not waiting for a replacement means there’s more to come on this story. She’s a battle-hardened Wall Street executive and moved from JP Morgan to lead Digital Asset as CEO in 2015, a year after its founding.
Silicon Valley executive AG Gangadhar (AG) who joined Digital Asset’s board in April, is now the board Chairman and acting CEO until a permanent CEO is named. Previously, the executive was head of core engineering at Uber during the period of Uber’s sexism troubles.
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Image Copyright: Digital Asset
