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Citi launches tokenized shares of private companies for wealthy investors


Citi launches tokenized shares of private companies for wealthy investors

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Citigroup launched Digital Depositary Receipts, a tokenized securities product that lets affluent and institutional clients buy stakes in private companies via blockchain-recorded securities issued and governed by the bank. Citi says the DDR aims to open the private market and could boost crypto adoption, tokenized fundraising and institutional participation while raising custody, governance and regulatory questions.

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Citigroup officially unveiled a product called Digital Depositary Receipts today, created to give its affluent and institutional clients a way to buy into private companies through blockchain-recorded securities issued and governed by the bank. Citi is betting on this launch of a tokenized securities product for private companies cracking open a private market that has...
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