Shobhit is the co-head of Digital Assets for Global Markets at Citigroup. He is responsible for Digital Assets/Blockchain strategy and its execution for Global Markets business (FY23 Revenue: ~$19Bn), and oversees product initiatives and capabilities development for Cryptocurrencies, Tokenization, Digital Currencies, and Enterprise Blockchain for the business. Shobhit also leads engagement with institutional investors, corporates, fintechs and regulators on Digital Assets.
He is among the earliest Digital Assets intrapreneurs at Citigroup having founded 2 internal digital asset initiatives through Citi’s internal incubator. He was also the architect and co-author of Citi’s seminal report on cryptocurrencies ‘Bitcoin: At the Tipping Point’, Citi’s second most read public report of all time.
Shobhit has worked across Financial Services and Technology in a variety of roles spanning Capital Markets, Strategy, M&A, Equities Research, and Engineering across developed and emerging markets. He started his career as a software developer working on the second largest open source software project at the time. Shobhit holds an electrical engineering degree from Indian Institute of Technology Madras and an MBA from IESE Business School.
Roundtable Room 2 (Level 2)
Decoding Digital Assets and Payments
This roundtable represents the latest milestone in the ongoing evolution of Project Guardian, a concerted effort to foster responsible innovation in digital assets while safeguarding financial stability and integrity.
In 2023, Project Guardian had unlocked the potential of traditional finance (TradFi) through decentralised finance (DeFi) with a summary outlining actionable insights. This includes the importance of international collaboration, responsible innovation, and a shift towards outcome-oriented approaches by taking tokenisation from concepts to commercialisation. Emphasising the need to prioritise commercial value over just technological allure, these discussions have set the tone for the pivotal role of Project Guardian in shaping the financial landscape. Read the report here.
Looking ahead to 2024, the next phase of Project Guardian aims to accelerate institutional adoption and scalability for asset tokenisation, by unpacking how the industry can work together to fuel this acceleration. The roundtables will focus on the following two asset classes: Foreign exchange and Asset and wealth management (Funds).