Masters steps down as CEO of Digital Asset

Digital Asset said Dec. 18 that Blythe Masters has requested to step down as CEO. AG Gangadhar was named board chairman of Digital Asset. He will serve as acting CEO until a permanent CEO is named. Digital Asset, of New York, provides distributed ledger technology. The company raised $40 million in Series B funding led by Jefferson Capital Partners in 2017, PitchBook said.

PRESS RELEASE
New York — December 18, 2018 — Digital Asset, the leading provider of distributed ledger technology (DLT), announced today that Blythe Masters, the company’s CEO since 2015, has requested to step down as CEO for personal reasons. AG Gangadhar, who joined the company’s Board of Directors in April, has been appointed the Board Chairman and will serve as the acting CEO until a permanent CEO is named. Masters will remain involved in the company as a board member, strategic advisor and shareholder.
Masters said: “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. 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.”