The company leaves the company to found its own crypto company
The company leaves the company to found its own crypto company
- CITIS CO manager for digital assets, Alex Kriete, said that he would put an end to the bank to found his own crypto company
- Although details are sparse, Kriete said that further information would follow after the procedure for its end of the employment relationship was completed
The co-manager for digital assets of the banking giant Citi, Alex Kriete, announced his departure on Thursday to found a new cryptocurrency company.
Kriete, who spent less than 12 months in his crypto role, but a total of 11 years at Citi, made the announcement on his Linkedin-page he decided to accept a new professional "challenge".
"For those who know me, it is not surprising that I think digital assets for the global capital markets and the formation of new business models will continue to become more important," said Kriete. "I couldn't be more excited to make this market to maturage."
The former Citi employee also said that he would share further details about his new company in the coming weeks after the employment process was terminated.
Before his work in the field of digital assets, Kriete worked for more than three years as Senior Vice President and investment consultant at Citi Private Bank, while he worked for the company for more than a decade.
Krietes exit follows Matt Zhang, the global co-conductor of the trade in structured products that decided in October to start a 1.5 billion dollar company that focuses on investing in the blockchain and digital asset ecosystem.
citi was on crypto setting tour most of the last year to meet the efforts of JP Morgan and Goldman Sachs. The company sought to occupy more than 100 positions in connection with digital assets within the bank's institutional customer group.
The step is part of a larger trend of talents from traditional financial and big tech companies that work in Web3, which refers to decentralized apps that run on a blockchain and enable everyone to participate without monetizing their personal data.
Risk capital continues to flow into the industry; In the past two weeks alone, financing commitments of over $ 2.34 billion have been recorded.
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The article Citi Director Leaves to Start Own Crypto Company is not a financial advice.
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