Swaps Pioneer Masters to Lead Virtual-Currency Startup
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Former senior JPMorgan Chase & Co. executive Blythe Masters is heading a cryptocurrency startup that aims to overhaul the way traded assets are settled and recorded.
Masters, who helped develop credit-default swaps two decades ago, was named Tuesday as the chief executive officer of Digital Asset Holdings LLC. The New York-based company plans to use bitcoins and blockchain technology for settlement and record-keeping of the likes of stocks, mortgages or loans.