06.11.26

Citigroup Rolling Out Tokenized Shares of Private Companies

by: Gina Heeb

Citigroup is launching a blockchain-based platform that lets wealthy and institutional clients trade tokenized shares of private companies, aiming to make private markets more accessible as firms stay private longer. The system uses authorized tokenized depositary receipts, with Citi acting as custodian, and initially targets foreign investors before expanding to U.S. clients. Built on Switzerland’s SIX blockchain, the platform could also be adopted by other banks and is part of a broader Wall Street push into tokenized assets. Citi says it offers a clearer, more regulated alternative to opaque structures like special-purpose vehicles used today.

Read the full article on The Wall Street Journal