Citi launches blockchain marketplace for private companies shares: Report
60-second summary
Citi is launching a blockchain marketplace for private companies to issue tokenized depositary receipts of their shares. This move follows Wall Street's growing adoption of tokenized assets. The platform will enable private companies to raise capital and increase liquidity.
The US banking giant's blockchain marketplace will offer tokenized depositary receipts of private company shares amid Wall Street's broad embrace of tokenized assets.