10:26 AM EST, 11/26/2024 (MT Newswires) -- Citigroup ( C ) said Tuesday it has made a minority investment in mortgage infrastructure provider Pylon.

The company said it made the investment jointly through its Spread Products Investment Technologies unit and Citi Ventures, joining existing Pylon investors Conversion Capital, Allegis Capital, Peter Thiel, QED, and Fifth Wall.

Citigroup ( C ) said the company and Pylon are working together to integrate the liquidity offered by Citi's mortgage trading desk directly into the Pylon platform.

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