{"id":414948,"date":"2022-03-12T02:15:00","date_gmt":"2022-03-11T23:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/citis-digital-asset-co-heads-resign-with-plans-to-create-crypto-startup\/"},"modified":"2022-03-12T02:15:00","modified_gmt":"2022-03-11T23:15:00","slug":"citis-digital-asset-co-heads-resign-with-plans-to-create-crypto-startup","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/citis-digital-asset-co-heads-resign-with-plans-to-create-crypto-startup\/","title":{"rendered":"# Citi\u2019s digital asset co-heads resign with plans to create crypto startup"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2e83f502bf4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2e83f502bf4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/citis-digital-asset-co-heads-resign-with-plans-to-create-crypto-startup\/#%E2%80%9D_Citis_digital_asset_co-heads_resign_with_plans_to_create_crypto_startup_%E2%80%9C\" >&#8221; Citi\u2019s digital asset co-heads resign with plans to create crypto startup &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Citis_digital_asset_co-heads_resign_with_plans_to_create_crypto_startup_%E2%80%9C\"><\/span>&#8221; Citi\u2019s digital asset co-heads resign with plans to create crypto startup &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvYmQyYjRkOTUtMDcwNC00NGFkLTgxODAtZWQwMmJmNDk4ODI0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Alex Kriete, Co-Head of Digital Assets at Citi, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:6907751568981000192\/\">announced<\/a>\u00a0his resignation from the banking giant after 11 years at the firm on March 10 via LinkedIn. He stated in his post that he intends to devote himself full-time to developing a new cryptocurrency company but provided no additional details at the time. <\/p>\n<p>Kriete co-led the Digital Assets Group with Greg Girasole for less than a year since the unit launched in June, 2021. Girasole also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/greg-girasole-cfa-7003a141_after-7-years-i-am-leaving-citi-in-order-activity-6907751481366482944-6IUb\">announced<\/a> his departure via LinkedIn and, together him and Kriete plan to start their own blockchain-related venture. The two said they will share more details about it in the coming weeks.<\/p>\n<p>Kriete&#8217;s excitement for his new undertaking stemmed from the belief that digital assets will &#8220;continue to grow in importance to global capital markets and the formation of new business models.&#8221; He added that a personal interest in blockchain enabled digital assets started over five years ago and has now led him to want to &#8220;assist in the maturation of this market&#8221; on his own terms.\u00a0<\/p>\n<p>Whereas Kriete and Girasole oversaw the digital assets group within Citi&#8217;s wealth management division, the bank has another\u00a0digital assets unit within its Institutional Clients Group that is led by the recently <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointed Puneet Singhvi.<\/p>\n<p>Recently, another Citi executive, Matt Zhang, also jumped ship to launch a $1.5 billion crypto fund\u00a0called Hivemind Capital Partners whose first <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> partner is Algorand. And in\u00a0a similar corporate leadership move, a longtime Goldman Sachs executive, Roger Bartlett decided it was &#8220;time to embrace the crypto economy&#8221; and left the bank to run Global Financial Operations at Coinbase.\u00a0<\/p>\n<p><strong><em>Related:\u00a0Coinbase seeks new exec to debate with policymakers<\/em><\/strong><\/p>\n<p>Meanwhile, another bank making pioneering moves into the metaverse is\u00a0JPMorgan Chase,\u00a0having opened a virtual lounge in the Decentraland metaverse as it hopes to capitalize on a $1 trillion market opportunity, according to the bank.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/citi-s-digital-asset-co-heads-resign-with-plans-to-create-crypto-startup\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Citi\u2019s digital asset co-heads resign with plans to create crypto startup &#8220; Alex Kriete, Co-Head of Digital Assets at Citi, announced\u00a0his resignation from the banking giant after 11 years at the firm on March 10 via LinkedIn. He stated in his post that he intends to devote himself full-time to developing a new cryptocurrency&#8230;<\/p>\n","protected":false},"author":1,"featured_media":414949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvYmQyYjRkOTUtMDcwNC00NGFkLTgxODAtZWQwMmJmNDk4ODI0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74888,80179,117,70917],"class_list":["post-414948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-banking","tag-citi","tag-business","tag-startups"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/414948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=414948"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/414948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/414949"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=414948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=414948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=414948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}