Former JPMorgan Executive Blythe Masters to Head Newly Launched Digital Asset Holdings

Former JPMorgan Executive Blythe Masters has agreed to become the new chief executive officer at Digital Asset Holdings (DAH).

DAH plans to build software for financial institutions to trade digital currencies. It was founded by Don Wilson, CEO of proprietary trading firm DRW Trading, and Sunil Hirani, the CEO of trueEX LLC, an exchange for interest rate Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term.

Masters' career with JPMorgan spanned 27 years. She is known to be one of the pioneers behind credit default swaps, derivative instruments designed to hedge against bad loans. If used improperly however, the instruments can become highly risky assets, their destructive force becoming apparent during the 2008 financial crisis.

She became the chief financial officer of JPMorgan's investment bank in 2004, and became head of Global Commodities in 2007. She left the bank last year, around the same time the bank sold off its commodities business.

The new firm's software aims to provide a secure trading and settlement environment to trade digital currencies and protect against counterparty failures that have plagued multiple exchanges to date. In addition, it plans to build tools to convert traditional securities and currencies into digital form, allowing them to be traded more efficiently.

Notably, her ex-husband Daniel Masters is the head of Global Advisors, a commodities-focused hedge fund that launched a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term fund last year. He is also a former trader at JPMorgan.

Also last year, former JPMorgan Executive Paul Camp became Circle's CFO.