Citigroup has launched tokenized Digital Depositary Receipts (DDR) to broaden access to private markets for both issuers and investors. This initiative, introduced in mid-June, provides a new avenue for accessing private shares through tokenization technology. With this move, Citigroup becomes the first global financial services firm to both issue and act as a custodian for tokenized depositary receipts of private companies.
Citigroup has introduced tokenized Digital Depositary Receipts to facilitate institutional access to traditionally illiquid private market segments.
Read the full storyCitigroup introduced tokenized DDRs to bridge the gap between private market assets and institutional investors using blockchain.
Citigroup introduces blockchain-based tokenized depositary receipts to streamline investor access to private equity and non-public assets.