Citi launches blockchain marketplace for private companies shares: Report
Cointelegraph 2026-06-11 21:24:56
Context: Citi, a major US banking giant, has been at the forefront of adopting new technologies to enhance its services. The banking industry has been witnessing a significant shift towards digitalization, with many institutions exploring the use of blockchain technology to improve efficiency and security. In a recent development, Citi has reportedly launched a blockchain marketplace for private companies' shares, marking a significant milestone in the adoption of tokenized assets on Wall Street.
Key Facts
- Citi's blockchain marketplace will offer tokenized depositary receipts of private company shares, allowing investors to buy and sell these shares in a more efficient and secure manner. This move is part of Wall Street's broader embrace of tokenized assets, which are digital representations of traditional assets such as stocks and bonds. The tokenized depositary receipts will be issued on a blockchain platform, providing a transparent and tamper-proof record of ownership and transactions. The launch of Citi's blockchain marketplace is expected to provide private companies with greater access to capital and investors, while also reducing the costs and complexities associated with traditional share issuance and trading processes.