Crypto
Citi launches blockchain marketplace for private company shares
Citigroup is launching a blockchain-based marketplace for trading shares in unlisted companies. The platform, aimed at institutional investors and high net worth individuals seeking pre-IPO exposure, will use tokenised depositary receipts issued by Citi to represent ownership stakes. The service will be offered first to non-U.S. investors, with U.S. investors able to use it later. Citi said the structure could be more transparent than special purpose vehicles.
