CITIGROUP $C JUST LAUNCHED A BLOCKCHAIN PLATFORM TO LET CLIENTS TRADE SHARES IN PRIVATE COMPANIES
The goal: put private company shares "right next to their Apple stock."
Here's how it works:
Citi issues tokenized depositary receipts for private companies, acts as custodian, and lets wealthy and institutional clients trade them on a blockchain operated by Switzerland-based SIX. The infrastructure is built so other banks can use it too.
It is currently open to foreign investors only, with U.S. investors coming later.
(Source WSJ)
Citigroup launched a blockchain platform enabling wealthy and institutional clients to trade tokenized depositary receipts of private companies alongside public equities, initially for foreign investors with U.S. access planned later.
Post objectively reports Citi's blockchain platform launch without expressing bullish or bearish view. External data shows stock at $133.38 (-1.0%) with recent news highlighting M&A comeback and solid Q2 trading outlook, but post author offers no opinion on whether this initiative is material catalyst or competitive advantage. Earnings not until July 2026. Informational announcement, not investment thesis.
关键要点
Citi issues tokenized depositary receipts for private companies and acts as custodian
Trading occurs on a blockchain operated by Switzerland-based SIX
Infrastructure designed for multi-bank participation
Currently restricted to foreign investors, U.S. investors to follow
