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Blythe Masters Net Worth, Crypto and NFT Investments

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The net worth of British entrepeneur Blythe Masters is estimated to be around $5 million in 2023. She made a name for herself after a successful stint with JP Morgan. Her success with the organization made her become the managing director at the age of 28. Despite being an outstanding achievement the position didn’t reflect heavily in the net worth of Blythe Masters.

Blythe Masters

She left the organization for Digital Asset Holdings in 2015 as a result of a controversy. Fortunately, Masters recorded the same success she enjoyed with JP Morgan at her new firm. In the firm, she served as the CEO. It is worth mentioning that despite enjoying a high level of prominence, the net worth of Blythe Masters depended mostly on her salary from JP Morgan, Digital Asset Holding, and Motive Partners. 

Blythe Masters’ Net Worth

YearNet Worth
2023$5 million

Early Life

Blythe Sally Jess Levett was born on March 22, 1969, in Oxford, United Kingdom. Her father’s name is Gordon Levett. She had her primary education at Ashford School before proceeding to the King’s School in Canterbury on a scholarship. Thereafter, Blythe Masters attended the Trinity College, Cambridge where she earned a B.A in economics in 1991. 

Prior to her graduation from Trinity College, Cambridge, Blythe Masters joined JP Morgan Chase as an intern. However, she became full member of the investment banking solution provider shortly after her graduation. Due to her dedication and commitment to the organization, she was elevated to the position of managing director at the age of 28. The remarkable height further enhanced her reputation within and outside the organization as she became the youngest woman in JP Morgan Chase to attain such level of prominence. 

During her early period in the organization, Blythe Masters was said to be the inventor of a modern credit default swap. The initiative aids investors to manage credit exposure to underlying reference entities. The motive behind this initiative can be traced back to 1994 when JP Morgan extended a $4.8 billion credit line to Exxon. Then, JP Morgan provided the funds when the oil and gas firm faced the threat of $5 billion in punitive damages for the Exxon Valdez oil spill. 

Blythe Masters played an active role, leading a team of JP Morgan bankers to secure financial protection against the credit line to the European Bank of Reconstruction and Development. With that, the investment bank reduced the required capital for the organization to hold against Exxon’s default. Furthermore, JP Morgan managed to reduce its risk and then gather the overall packages of the exposures and offered them to market as BISTRO, for Broad Index Secured Trust Offering. More so, the investment mastery attracted huge attention that made other banking institutions incorporate the new financial investment strategy.

Between 2001 to 2004, Masters worked as JP Morgan’s head of Global Credit Portfolio and Credit Policy and Strategy. She then became the Chief Financial Officer of the world investment bank. In 2007, Blythe Masters stepped up to become the head of Global Commodities. Meanwhile, Masters came under huge scrutiny when the derivatives initiative she crafted played a prominent role in the financial crisis of 2008. This was due to how other organizations applied the strategy to subprime mortgages. Various publications criticized Blythe Masters for inventing a dangerous financial weapon. In her defense, the financial expert said many of the involved organizations applied the initiative in the wrong way. 

Despite the criticism, Blythe Masters continued to excel in her endeavors. In 2008, she moved from the trading desk to the commodities department of JP Morgan. Also, she recorded some noticeable success during her stint at the commodities desk. During that period, the firm acquired a part of UBS’s UBSN commodity enterprise. Occasioned by her various accomplishments, she was appointed as the Chair of the Securities Industry and Financial Markets Association between 2008 to 2010. Likewise, between 2012 to 2014, Masters chaired the Global Financial Markets Association. She also served as an advisory board member for the US Chamber of Digital Commerce, Figure Technologies, and Maxex.

JP Morgan, under the guidance of Masters, recorded the largest revenue of any investment bank in commodities around 2014. The United Kingdom analytics firm, Coalition provided the claims, stating how the organization outgrew its peers under the leadership of Masters. However, despite enjoying laudable success with the organization, Master’s glittering career in the firm was marred by the sale of JP Morgan’s physical commodities business. 

In 2014, the firm sold the enterprise for $3.5 billion amid an investigation by the Federal Energy Regulatory Commission. The regulator accused JP Morgan of manipulating energy markets in California and Michigan. Consequently, the firm paid more than $410 million to settle the investigation without admitting any wrongdoing. The organization defended Blythe Masters, arguing that none of its employees nor the financial expert lied or acted inappropriately regarding the issue. She left the organization after the completion of the sale.

Digital Asset Holdings

After drawing the curtain on her twenty-seven (27) years prosperous career at JP Morgan, Blythe Masters joined Digital Asset Holdings and became the CEO in 2015. The organization is based in New York. According to findings, it focuses solely on designs and distributes ledger technology solutions for the financial service landscape.

Digital Asset Holdings has distributed ledger systems for the ASX, and DTCC among many others. The new organization with its small structure compared to JP Morgan enjoyed Blythe Masters’s wealthy experience. Meanwhile, as a startup, excelling with the organization proved a daunting task for the Wall Street veteran. 

However, she maneuvered her way through the challenges and recorded another outstanding success with the organization. Masters was widely acknowledged for being the first individual to move from the banking industry to the blockchain technology space. Her year of experience was pivotal in the successful transition of the organization to an international software engineering firm. She oversaw Digital Asset Holding’s acquisition of two blockchain firms; Bit of Proof and Hyperledger. 

Meanwhile in December 2015, with just a few months in the organization, various reports indicated that the then-new Barclays CEO, Jes Staley offered Blythe Masters an opportunity to manage the firm’s investment banking division. The reports established how Masters rejected the opportunity to focus on the development of Digital Asset Holdings only.

Remarkably, she leveraged her vast connection in the industry to help Digital Asset Holdings raise more than $100 million from various rounds of funding from fifteen technology and financial organizations. Some of these firms include Citibank, Goldman Sachs, JPMorgan, Deutsche Boerse, DTCC, CME, IBM, and Accenture. Meanwhile, in December 2017, ASX officially announced it would upgrade its post-trade settlement system to a blockchain platform designed by Digital Asset Holdings. 

Additionally, with the acquisition, Digital Asset Holdings enhanced its market dominance and consequently became a force to reckon with in the industry. Under her guidance, the organization enjoyed substantial growth. Its workforce went up from 6 staff to 200 in less than twelve months.

After enjoying outstanding success with the organization, Blythe Masters left Digital Asset Holdings in December 2018 due to family issues. However, the firm disclosed that her exit doesn’t amount to total dissociation from the organization. Digital Asset Holdings, in a press statement, revealed that the Wall Street veteran will continue to serve the organization as an advisor, board member, and shareholder.

Motive Partners

After leaving Digital Asset Holdings in 2018, Blythe Masters joined Motive Partners the following year. There, she served as the founding partner of the firm. The organization focuses on backing companies building technology for financial services. In her capacity, she sourced and executed various investment activities with a stern focus on strategy and growth for Motive Portfolio companies. More so, Blythe Masters was an advisory board member in a blockchain lending firm identified as Figure in early 2019.

In November 2019, Motive launched its inaugural fund, known as Motive Capital Fund I (MCFI). Under the leadership of Masters, the organization attracted capital investment for the fund from public pension plans, sovereign wealth funds, alternative asset managers, family offices, endowments, and foundations. The investors are spread across various regions which include North America, Europe, the Middle East, Australia, and Asia. 

Her experience in Wall Street helped once again as she chaired Motive Ventures; an early-stage investment organ of the firm. In December 2019, the financial expert oversaw the raising of a $473 million private equity fund to focus on growth and buyout opportunities in more traditional financial services firms. Similarly, at one point, she served as the CEO and board member for Motive Capital Corp. The Motive Capital Corp is a special purpose acquisition corporation sponsored by Motive funds. As of April 2023, Motive has approximately $4.7 billion of regulatory assets under management.

Is Blythe Masters Pro Crypto?

Blythe Masters is one of the few women that have chosen to be at the vanguard of crypto and blockchain development. Her contributions toward the advancement of blockchain tech are enough to signal that the industry does not belong to men alone. Masters is an indisputable admirer of blockchain and has consistently spoken at length about the Bitcoin’s underlying technology. This explains why she had to move to the blockchain sphere from the banking sector.

Masters has no doubt in the potential of blockchain to revolutionize the traditional financial system. As a matter of fact, her interest in Bitcoin was propelled by her admiration for blockchain. She sees the tech as one which provides a generational opportunity to mutualize database infrastructure across all entities in the financial sector. Its incorporation, according to her, helps save costs, reduces risks, and facilitates capital-enhancing opportunities.

In recent years, Masters dedicated her time to research the technical nature of blockchain. This endeavor aided her knowledge about the crypto tech and its full application. As a renowned blockchain expert, Masters has graced numerous conferences geared toward discussing the potential of the innovation. In 2016, she was among the keynote speakers at the Spring IIF conference in Madrid. It is worth establishing that this conference helps to bring a collection of high-profile personalities in the blockchain sphere and the financial sector at large.

While at the conference, Masters delivered an electric argument on blockchain and why banks must begin to adopt the tech in their operations. According to her, blockchain remains the only answer to the rising cost challenges in the banking sector. She lamented how central banks in countries have nationalized the entire banking system by opening their database to the general public and using blockchain to take deposits. Likewise, the expert also called on developers to focus on an area where blockchain can be applied to any number of cases.

Later that year, she was appointed to chair the governing board of the Linux Foundation’s hyperledger project. At that time, the foundation was working on the development of automated ledgers through the usage of blockchain. Notably, not less than ten blockchain startups joined the project then.

They include Blockstream, Bloq, itBit, Milligan Partners, Teque Creek Holdings, eVue Digital Labs, and many more. As the chair of the board, Masters named a team of Bitcoin technologists like Craig Young, Chris Ferris, Charles Cascarilla, and a few others to work with her in the development of the project.

Then she said; “The Hyperledger project is gaining traction on a daily basis, displaying how vital this effort is in advancing distributed ledger technology. Uniting the industry to drive this initiative forward is paramount to the success of distributed ledger technology. The Linux Foundation and its members are collaborating on an open-source infrastructure that will increase privacy and scalability, among many other benefits.”

Owing to her inestimable contributions to the world of blockchain, Masters is ranked fourth on the list of the 100 most influential women in the industry. She is reported to be the architect of numerous products that help banks use blockchain tech internally without any risk. Also, she and her team have continued to facilitate stronger immune for the financial market by leveraging distributed technology running on the Internet of finance as Bitcoin.

Masters’ confidence in the potential of Bitcoin’s underlying tech is second to none. This explains why she has chosen to always travel far and near to spread the gospel of the innovation. Just recently, she was at the American Banker’s Digital Currencies and Blockchain conference, and as expected, made a strong case for the tech. In her keynote speech, the expert explained that the first application of blockchain tech will be post-trade processing, before payments, securities, or derivatives solutions.

She also emphasized the prospect associated with the embracement of blockchain, saying “I believe that [blockchain] technology has the potential to truly change the way the financial world operates, to reduce costs, improve efficiency, reduce risks and ultimately provide better customer service, which ultimately is what financial services need to be all about.”

Crypto and NFT Holdings of Blythe Masters

Notably, Blythe Masters ranks well among the richest crypto tycoons across the globe. She is reported to own a crypto portfolio worth millions of dollars. Although Masters is yet to publicly reveal details about her crypto portfolio, it is not in doubt that she holds a few crypto assets, including Bitcoin.

According to reports, her admiration for blockchain facilitated her exposure to Bitcoin. Today, she is one of the revered and successful female investors in Bitcoin. Just like other distinguished Bitcoin investors, Blythe Masters reportedly made fortunes from the investment, thereby soaring her net worth. However, there is still no accurate information as to the worth of her Bitcoin investment. This is because she has never, for once, spoken about it.

Meanwhile, we cannot confirm whether Masters holds NFTs or not. The blockchain tycoon is yet to take a stand on the craze in the NFT market.

Crypto and NFT Projects Featuring Blythe Masters

There are indications that Blythe Masters might be featured on Wall Street Memes soon. It is worthy of note that this crypto project has created a niche for itself on social media by featuring eminent individuals in its exciting memes. Within the past few months, it featured the likes of Donald Trump, Sam Bankman-Fried, Jim Cramer, and many more. These memes have continued to help the project attract hundreds of thousands of supporters, particularly on Twitter and Instagram.

Today, we can regard Wall Street Memes as one of the projects with a vast community backing on social media. Driven by the massive reach of the community, some of its memes were recently noticed by Elon Musk. As a matter of fact, Musk even reacted to two of the memes which featured him.

Amid its growing popularity among crypto communities on social media platforms, Wall Street Memes launched the presale of its token, $WSM. Just within a month, the presale saw participation from hundreds of investors, raising over $7 million in investment. Despite the fact that the token sale is still in progress, it has already ranked among notable crypto presales in the industry. As the project continues to record landslide attention, investors understand $WSM will likely be the next cryptocurrency to boom. Interested persons can visit wallstmemes.com to participate in the ongoing presale.

Blythe Masters’ Net Worth – Our Verdict

Before venturing into the blockchain space, Blythe Masters enjoyed a prosperous banking career. The various stints in the banking sector built the foundation of her net worth. Masters is a proven expert in risk management. She demonstrated her proficiency while at JP Morgan by developing a solution to help banks handle risk with insurance. The solution, known as credit default swap has been effective in helping JP Morgan manage risk well. By virtue of this, it is safe to affirm that Masters’ endeavors in the banking space were characterized by innovations.

Interestingly, she picked an interest in blockchain and resolved to venture into the tech. Masters left JP Morgan and became the CEO of Digital Asset Holdings. She was able to put her expertise to use, helping the firm to expand its reach in the market. Also, Digital Asset Holdings, under her leadership, bought two blockchain-based firms identified as Bit of Proof and Hyperledger. Today, the firm is now regarded as one of the leading blockchain establishments.

Master’s dedication to work is worthy of emulation. This thus paved the way for her to excel in an industry dominated by men. Before stepping down as the CEO of Digital Asset Holding, Blythe Masters built a formidable net worth. As of 2023, Blythe Masters has a net worth of about $5 million.

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FAQs

When did Blythe Masters join Digital Asset Holdings?

Blythe Masters joined Digital Assets Holdings in 2015.

What is the estimated net worth of Blythe Masters?

The estimated net worth of Blythe Masters is $5 million.

Why did Blythe Masters step down as the CEO of Digital Asset Holdings?

Blythe Masters stepped down from the active role to focus on her family.