Citigroup's Head of Digital Assets Departs to Pursue Entrepreneurial Endeavors

Shobhit Maini Exits After 14 Years at the Bank

Maini's departure signals a shift amidst growing interest in cryptocurrencies

Shobhit Maini, the global head of digital assets for Citigroup Inc.'s markets unit, has left the bank after 14 years to pursue entrepreneurial opportunities.

According to an internal memo, Maini's departure is effective immediately. Sources close to Maini say he plans to launch his own venture in the cryptocurrency space.

Maini's exit comes at a time when the cryptocurrency industry is undergoing rapid growth and innovation. Citigroup has been actively exploring the potential of digital assets, with Maini playing a key role in developing the bank's strategy.

Maini's departure is a sign that the traditional banking sector is increasingly recognizing the potential of digital assets and blockchain technology.