Following Blythe Masters’ stepping down as Digital Asset’s CEO, AG Gangadhar, the startup’s chairman will serve as its acting CEO while it locates a new chief executive.

Digital Asset, a blockchain startup stated, Blythe Masters, its chief executive officer who is one of the most prominent backers of the distributed ledger technology on Wall Street will be stepping down from the company having served it for 4 years.

AG Gangadhar, a former Uber executive who joined Digital Asset’s board in April, has been appointed as the chairman and will now serve as its acting CEO until it finds a new chief executive.

Blockchain, the technology that underpins the bitcoin cryptocurrency is a shared record of transactions that is maintained by a network of computers on the internet.

Masters, a former JPMorgan banker, stewarded Digital Asset through its global expansion and helped raise millions of dollars from some of the world’s biggest banks.

Digital Asset has stated, Masters will remain as a member of its board, as its strategic advisor and shareholder.