Shobhit Maini, the global head of digital assets at Citigroup Inc., has left the bank to explore new opportunities in the crypto industry. Maini, who had been with Citigroup for over 14 years, most recently led the digital assets team under the markets division. According to an internal memo reviewed by Bloomberg News, Maini’s departure is to pursue “an entrepreneurial opportunity in the digital asset space.”
Lee Smallwood, head of markets innovation and investments at Citigroup, communicated about this change in a memo sent last week.
Deepak Mehra, who currently leads markets strategic investments, will now also oversee the markets digital assets team. Citigroup’s spokesperson declined to comment on the situation, and Maini did not respond to requests for comment.
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Citigroup has been exploring ways to update their existing infrastructure with blockchain technology for several years, with the aim of providing greater transparency and the ability to settle transactions instantly. Citigroup in February said that it has carried out a test which shows how a private equity fund can be “tokenized” on a blockchain network.
Cre: Bloomberg
David Ma was born in 1980 in California, is a Vietnamese American, known as one of the entrepreneurs and investors in the field of cryptocurrency and stock market. In 2006, he graduated from Stanford University with honors and began his career in business.
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