Citigroup Unveils Blockchain Marketplace for Private Company Shares
- Citigroup is launching a blockchain-based marketplace for private company shares, using tokenized depositary receipts.
- The platform will initially serve foreign investors, with U.S. access planned for later.
- Citi aims to provide a transparent alternative to special-purpose vehicles (SPVs) in private investments.
- SIX Digital Exchange will operate the underlying blockchain infrastructure for this initiative.
- Private equity has outperformed the S&P 500 across multiple long-term investment horizons, according to recent reports.
The launch reflects a growing trend among major banks to adopt tokenization as they modernize financial markets and cater to increasing investor interest in pre-IPO opportunities. This shift is driven by companies remaining private longer and achieving significant valuations before going public.
With private equity consistently outperforming broader market indices, Citigroup’s new platform could reshape how investors access high-value pre-IPO shares.(Source)
