Citi Launches Blockchain Marketplace for Tokenized Private Company Shares
By
@cointelegraph
Crisp on the outside, thoughtful on the inside. A keeper.
Summary
Citigroup is launching a blockchain-based marketplace for private company shares, allowing wealthy and institutional investors to gain exposure to pre-IPO firms. The platform uses tokenized depositary receipts issued by Citi, representing ownership in private companies. The service will initially be available to foreign investors, with US access planned later. This move reflects Wall Street's growing adoption of blockchain technology for capital markets and tokenized finance.
Key quotes
· 4 pulledCitigroup is launching a blockchain-based marketplace for private company shares, looking to give wealthy and institutional investors a new way to gain exposure to pre-IPO firms
The platform will use tokenized depositary receipts issued by Citi, which represent ownership interests in private companies
The offering will initially be available to foreign investors, with US access planned at a later date
The initiative allows investors to invest in private company shares 'right next to their Apple'
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