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Citi & SDX Launch Tokenized Pre-IPO Shares—Wall Street Plays Catch-Up With Crypto
Citi & SDX Launch Tokenized Pre-IPO Shares—Wall Street Plays Catch-Up With Crypto
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Banking giant Citi and Swiss digital exchange SDX are rolling out tokenized pre-IPO shares by Q3—finally giving traditional finance a taste of the liquidity crypto’s had for years.
Why it matters: Tokenization cuts settlement times from days to minutes, bypasses legacy intermediaries, and unlocks 24/7 trading. Pre-IPO markets—long the playground of VC elites—get democratized (or at least, digitized).
The cynical take: Watch institutional FOMO hit overdrive as banks scramble to slap blockchain lipstick on their archaic settlement pigs. Bonus points when they call it ’innovation.’
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