Blythe Masters is CEO of Digital Asset Holdings, a New York headquartered financial technology company that builds distributed, encrypted straight through processing tools for wholesale financial service providers using distributed ledger technology. She is also Chairman of the Governing Board of the Linux Foundation’s open source Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the US Chamber of Digital Commerce.
So, why is this beautiful, highly successful woman called “the devil’s incarnate” by no one less than Max Keiser? That’s why: “Blythe was previously a senior executive at J.P. Morgan which she left in 2014 after a career spanning 27 years, following the successful sale of the bank’s physical commodities business which she built between 2007 and 2014.”
Per Max, “Blythe Masters designed an elegant way of providing credit protection bundled into packages and offered to the market. It was a derivative born out of necessity following the Exxon Valdez oil spill (JPM offered Exxon a generous line in credit). Unfortunately, the modern credit default swap which she devised, rotted the financial system from within and caused its total collapse.”
Credit Default Swap Morass
“I can tell you the evil cult leader is Blythe Masters. Jamie Dimon has moved her running the credit default swap desk in London – something she invented, the credit default swap,” concludes Max Keiser.
Move to the Blockchain
Since 2008, Blythe Masters has spoken of her personal commitment to making markets safer. Working in the bitcoin space could be seen as a chance to achieve this goal and alter her legacy. Max Keiser again: “Jamie Dimon made a billion dollars because of Blythe Masters skimming the global economy a penny at a time for 20 years. Now she has moved over to the crypto space. The woman is the devil incarnate,” said Kaiser.
You be the judge, is Blythe, a Wall Street big honcho a great addition to the world of blockchain / Bitcoin or is Max Keiser right? Vote her up or down, comment, submit your thoughts.