Sunday, June 28, 2026

More Ways To Play! "Citigroup Is Rolling Out Tokenized Shares of Private Companies"

Citi can have the tagline gratis if they are going for the middle-market casino vibe. 

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From the Wall Street Journal, June 11:

Citigroup is establishing a way for its wealthy and institutional clients to trade shares of private companies through a blockchain, a venture it hopes will be adopted by other banks across Wall Street.

The bank said it is in discussions with some of the largest private companies to get involved. The venture is intended to broaden access to private firms at the same time companies are taking longer to go public, and Wall Street has been in a frenzy over the coming blockbuster stock-market debuts of SpaceX, Anthropic and others.
 
The venture lets clients put private-company shares essentially “right next to their Apple stock,” said Artem Korenyuk, Citi’s global lead for digital assets enterprise alignment and services enablement.It is initially open to only foreign investors, with a transaction- and maintenance-based fee, but Citi plans to make it available to U.S. investors later. The infrastructure can be used by other banks, Citi said.
 
The venture works through depositary receipts—or securities that allow investors to buy stakes in foreign companies—that are authorized and tokenized. Citi will issue those securities and act as a custodian for them....
....MUCH MORE 

Here's Citigroup's press release, also June 11:

Citi Launches Market-First Tokenized Depositary Receipts to Connect Private Companies and Investors