Citigroup: Launches Blockchain for Private Shares
Citigroup $C launches blockchain platform for tokenized depositary receipts private company shares on SIX, open to foreign investors now.
SourceAnalysis
Citigroup $C launched a blockchain platform that issues tokenized depositary receipts for private company shares, with SIX operating the settlement layer so clients can hold them alongside public equities. The bank acts as custodian and built the rails for other institutions to plug in, starting with foreign investors only. U.S. clients gain access later.
Evan
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