She was named chief executive of Digital Asset Holdings in
March and took
a role with Santander Consumer USA, a leading auto lender in
the U.S, earlier this month.
Still, it is early on. Masters compared where Bitcoin and cryptocurrency are now in terms of their development to early 1990s Internet.
That is according to Blythe Master, the chief executive of Digital Asset Holdings, and one of the biggest names in the business.
Bitcoin technology could reshape the way financial markets operate.
She left the bank in late 2014 after the physical commodities business was sold to Mercuria, and in March became one of the biggest names on Wall Street to join the fast-growing cryptocurrency sector when she took the post at Digital Asset Holdings.
Everything from stock to bonds and derivatives could be exchanged and paid for in the same way the cryptocurrency community is executing bitcoin transactions, Masters said.
"In reality, the world is not there yet," Masters said. She said the industry would have to address regulatory hurdles as it confronts issues like authentication and security in coming years.
Blythe Masters, CEO of Digital Asset Holdings, wants to see Bitcoin technology used in markets AP Photo
Masters was one of a group of JPMorgan executives who helped create the market for credit default swaps in the 1990s, and later went to head its global commodities division.
Speaking Tuesday at SourceMedia's Convene conference in midtown Manhattan, Masters said: "The potential addressable markets for these types of technologies are gigantic."
Binance Secures New Funding From Vertex Ventures
Correction: This article has been corrected to note that Temasek Holdings did not play a role in the investment, as was initially reported. Vertex Ventures is a limited partner with Temasek.
Bitfinex Is Publishing Data for a Tether Market That Doesn't Exist
Pop over to CoinMarketCap and check Bitfinex's page.
You'll see that the trading pair with the second-highest volume on the exchange over the past 24 hours – nearly $48 million at the time of writi
Coinbase Approved to Offer Crypto Custody Services in New York
Coinbase has received approval from New York regulators to form a qualified custodial firm for cryptocurrencies.
The New York Department of Financial Services (NYDFS) said Tuesday that it granted C
Elon Musk Sparks Speculation With Cryptic Crypto Tweet
Elon Musk, the founder of SpaceX and Tesla, just made a mysterious tweet about bitcoin that's whipping up speculation across social media and the cryptocurrency community that it may be more than just
Coinbase Adds Its First Stablecoin Tied to the US Dollar
Crypto exchange Coinbase announced support for the Circle-issued stablecoin Tuesday.
In a blog post, the exchange said U.S. customers outside the state of New York can now buy, sell, send and recei
Australian Government Agency Says Blockchain 'Interesting' But Hyped
The Australian government agency dedicated to streamlining the country's IT operations has called blockchain "interesting," but said it is hyped by firms working with the tech.
The chief digital of
Japan's SBI Group Is Building a New Crypto Exchange Wallet
Japanese financial services giant SBI Group has partnered with a blockchain security startup to develop a digital wallet for its recently launched cryptorrency exchange.
The Denmark-based startup,
New SEC Commissioner Briefed on Bitcoin ETF in October Meeting
The newest commissioner with the U.S. Securities and Exchange Commission met with representatives from money manager VanEck and blockchain startup SolidX earlier this month to discuss a bitcoin-based