Citigroup launches a blockchain-based marketplace intended to let investors buy and sell exposure to shares of private companies using tokenized depositary receipts. Multiple reports say the platform is designed to broaden access to private markets and improve liquidity for shareholders of companies that remain unlisted for longer periods, often relying on fragmented secondary trading. According to the coverage, Citi applies its established depositary receipt framework to private-company equity and issues tokenized depositary receipts backed by private market shares. The service is initially aimed at foreign investors, with the stated goal of making it easier for issuers to reach investors and for investors to access private market opportunities. One report describes the offering, called “Digital Depositary Receipts,” as built on blockchain infrastructure operated by SIX, a Swiss financial market operator and digital central securities depository. Under Citi’s model, Citi functions as both issuer and custodian of the digital receipts, handling issuance, settlement and safekeeping. The reports frame the launch as part of wider industry interest in tokenized assets and tokenized financial infrastructure.
Citi launches blockchain marketplace using tokenized depositary receipts for private shares
Citigroup launches a blockchain-based marketplace intended to let investors buy and sell exposure to shares of private companies using tokenized depositary receipts. Multiple reports say the platform...
- Citi launches a blockchain-based marketplace for exposure to private company shares using tokenized depositary receipts.
- The offering is initially aimed at foreign investors and seeks to expand investor access to private markets.
- Citi tokenizes depositary receipts backed by private market equity and uses blockchain infrastructure operated by SIX.
- Citi says it acts as issuer and custodian for the digital receipts, including issuance, settlement and safekeeping.
- The launch is positioned as an alternative route to liquidity and ownership transfer for shares in companies that are not publicly listed.
Citi has become the first to launch a blockchain-based depositary receipt service for shares in private companies, aiming to make it easier for issuers to reach investors and for investors to access private market opportunities, the company said Tuesday. The launch comes as private companies remain unlisted for a longer period of time, prompting many to seek alternative ways to provide liquidity to shareholders without relying on often fragmented secondary markets. The new offering, called the Digital Depositary Receipts, applies Citi’s traditional depositary receipt framework to private company shares. Using blockchain infrastructure operated by SIX, a Swiss financial market operator and one of the world’s first fully regulated digital central securities depositories, the service tokenizes depositary receipts backed by private market equity. Under the model, Citi acts as both issuer and custodian of the digital receipts, handling issuance, settlement and safekeeping. The company said the structure is designed to simplify transfers of ownership and broaden investor access while allo
2 months agoCitigroup has launched a blockchain-based marketplace that will allow investors to buy and sell exposure to private company shares through tokenised depositary receipts. The platform is initially aimed at foreign investors and seeks to expand access to private markets.
2 months agoThe US banking giant's blockchain marketplace will offer tokenized depositary receipts of private company shares amid Wall Street's broad embrace of tokenized assets.
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