ASX says shock departure of blockchain guru won't affect its rollout

The Australian Securities Exchange (ASX) said its plans to switch over to blockchain technology are on track despite the surprise departure of high profile chief executive Blythe Masters from its tech partner Digital Asset Holdings (DA).

Ms Masters, the high-flying JPMorgan Chase executive who was part of the team credited with the creation of credit default swaps (CDS), has played a crucial role introducing the blockchain startup’s technology to the financial sector.

Digital Asset said Ms Masters had stepped down for personal reasons but added she will remain involved with the company.

DA chairman AG Gangadhar will act as interim CEO until a replacement is found.

“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,” Ms Masters said in an email to staff announcing her departure.

“My belief in DA, and the potential for DLT is as strong as it has ever been. I remain a shareholder, advisor and board member.”

The ASX, which owns a 7 per cent stake in Digital Asset, praised Ms Master’s work at the company over the last three years.

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Source: ASX says shock departure of blockchain guru won’t affect its rollout