Citi Pioneers Tokenized Private Startup Shares on Blockchain
Citi Pioneers Tokenized Private Startup Shares on Blockchain
Citi is launching Digital Depositary Receipts, offering major investors access to private startup shares through the SIX blockchain infrastructure. This initiative aims to democratize access to private markets by leveraging distributed ledger technology.
Citi Pioneers Tokenized Private Startup Shares on Blockchain
Citi is making strides in bridging traditional finance with blockchain technology by introducing Digital Depositary Receipts (DDRs). These DDRs are designed to provide significant investors with exposure to private startup shares, effectively allowing them to purchase these shares much like traditional stocks. The underlying technology for this innovative offering will utilize the robust SIX blockchain rails, signaling a continued institutional adoption of distributed ledger technology for capital markets. This move by Citi represents a significant step towards tokenizing illiquid assets and enhancing the accessibility of private equity markets for a broader institutional audience.