Citigroup Launches Blockchain Marketplace for Trading Tokenized Pre-IPO Company Shares

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According to The Wall Street Journal, Citigroup has launched a blockchain-based marketplace allowing wealthy and institutional investors to trade tokenized shares of private companies. The platform will issue tokenized depositary receipts representing ownership interests in private firms, opening first to foreign investors with U.S. market access planned at a later date. Citi digital asset executive Artem Korenyuk told the Journal the structure enables investors to hold private-company shares alongside traditional assets like Apple stock. The bank is already in talks with several large private companies about listing their shares on the platform.
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