Citis Maini Leaves To Pursue Entrepreneurial Opportunity In Digital Assets

Citigroups Global Head of Digital Assets Departs Firm

Shobhit Maini Leaves After 14 Years

Pursuing Entrepreneurial Endeavors

Citigroups global head of digital assets for markets, Shobhit Maini, has departed from the firm. According to an internal memo acquired by Reuters, Maini is leaving to pursue entrepreneurial endeavors.

Maini joined Citi in 2008 and has held various leadership roles within the banks digital assets business. Under his leadership, Citi launched the Citi Integrated Digital Assets Platform (CIDAP), a platform that leverages blockchain technology to enable clients to issue, manage, and trade digital assets.

Citis decision to hire 100 people to focus on the banks blockchain and digital asset efforts is a sign of the growing importance of these technologies in the financial industry. Mainis departure is a loss for Citi, but it is also an indication of the growing talent pool in the digital assets space.

Conclusion

Mainis departure from Citi is a reminder that the digital assets industry is still in its early stages of development. However, the growing interest from both financial institutions and technology companies is a sign that this industry is poised for significant growth in the years to come.