Citi’s Tokenized Shares Initiative Targets Non-U.S. Investors
- Citi launched tokenized Kaleido Digital Depositary Receipts (DDRs) on the SIX Digital Exchange (SDX) for non-U.S. investors on June 11.
- The initiative is part of Citi’s projected $5.5 trillion tokenized asset market by the year 2030.
- Citi plans to expand access to U.S. investors after its full rollout in 2026, with more issuers and blockchain networks under consideration.
- Kaleido DDRs are not registered under the U.S. Securities Act and are available only through offshore Regulation S transactions to non-U.S persons.
- The project aims to tokenize, settle, and safekeep late-stage pre-IPO equities using SDX’s blockchain-based Central Securities Depositary platform.
Citi’s move into tokenizing private shares via blockchain infrastructure signals a significant step in addressing liquidity and settlement issues in private markets, though initially limited to foreign investors and accredited individuals only.
With an estimated $17 billion global tokenized asset market today, Citi’s initiative marks a critical infrastructure development towards its anticipated $5.5 trillion market by 2030. (Source)
