Blythe Masters, CEO of Blockchain Startup Digital Asset, Is Stepping Down

Blythe Masters, the CEO of distributed ledger know-how service provider Digital Asset Holdings, has stepped down immediately after a few many years working the firm.

The company declared Tuesday that Masters will remain as a shareholder, strategic advisor and member of the company’s board of directors, but that she would vacate her placement as main government for personal motives. The departure was initially claimed by Fortune.

In a notice to staff despatched before these days, Masters wrote that “working as section of the DA spouse and children signifies the globe to me, but I also work for my family’s future and I require to aim on this for a though.”

Masters will be briefly changed by AG Gangadhar, who joined the firm’s board this earlier April and has been appointed as its chairman. He will provide as acting CEO though the company looks for a new main government, in accordance to a push launch.

In a assertion, Masters stated the company has “evolved” from getting an plan to operating as a know-how firm globally. She praised Gangadhar, saying:

“We are privileged to have a deep bench of attained executives on the management workforce and Board, which include AG, who have the requisite practical experience to acquire the company to the subsequent stage. Possessing occur to know and rely on AG as an advisor and Board member, I am convinced that he provides what is needed to guide the company by its subsequent phase.”

Gangadhar has beforehand labored at Google, Microsoft, Amazon, Cruise (GM) and Uber, in accordance to the launch.

Masters commenced leading Digital Asset in 2015, the yr immediately after it was initially founded. The firm has because developed to work with companies which include the Depository Believe in and Clearing Corporation, Google Cloud and the Australian Securities Exchange.

Michael Bodson, president and CEO of the Depository Believe in and Clearing Corporation and member of the Digital Asset board, thanked Masters in a assertion, saying “her management and vision … has propelled the company from a promising startup to a globally recognized chief in DLT. We are excited to have a globe-renowned technologist like [Gangadhar] to enable acquire the company forward.”

Blythe Masters on stage at the DC Blockchain Summit, March 2015. (Photograph credit history: Michael del Castillo)