Wu Blockchain (@WuBlockchain): Citigroup Rolls Out Tokenized Shares of Private Companies
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Citigroup Rolls Out Tokenized Shares of Private Companies According to WSJ, Citigroup is establishing a framework enabling its wealthy and institutional clients to trade shares of private, pre-IPO companies leveraging blockchain technology—a venture it envisions being adopted by peer firms across Wall Street. The banking giant is currently in discussions with some of the largest private enterprises to secure their involvement. The platform operates via tokenized depositary receipts—securities that represent fractional ownership in foreign corporate shares—which have been authorized, minted, and structured on-chain, with Citigroup serving as the foundational issuer and custodian.