The service is an alternative to an IPO or a special-purpose vehicle, the bank says.
- Citi has launched a new service called Digital Depositary Receipts, allowing institutional and wealthy clients to invest in tokenized shares of private companies on a blockchain.
- This service aims to provide private companies with an alternative to IPOs for raising capital and offers investors improved liquidity and access to private market equity.
- The initiative leverages blockchain technology for faster settlement and ownership transfer, with Citi acting as a custodian and aiming for broader industry participation.
Topics: Asset types, Institutional adoption, Infrastructure providers, Private equity vc, Asset manager initiatives, Tokenization platforms
Tags: #citi #digitaldepositaryreceipts #privatecompanies #blockchain #tokenizedshares #institutionalinvestors #wealthmanagement #sixsecuritiesdepository #liquidity #kaleido
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