Citi Launches Tokenized Securities Platform for Private Markets

Citi is pioneering a blockchain-based solution to democratize access to private markets through digital depositary receipts. The innovative product structure mirrors traditional depositary receipts but leverages SIX's blockchain infrastructure to create tradable digital representations of private company equity.

The bank's first transaction involved Kaleido, a tokenization firm backed by Citi Ventures, signaling institutional validation of the model. Citi is currently in discussions with major private companies about direct platform participation, potentially unlocking trillions in illiquid private market value.

This move positions Citi alongside fintech players like Robinhood and Republic in the race to tokenize alternative assets. The platform's custodial structure addresses regulatory concerns while providing accredited investors exposure to coveted pre-IPO opportunities.