CryptoWorld News, Citigroup announced the launch of a blockchain-based private company share marketplace, aimed at providing a new way for wealthy and institutional investors to gain access to private company investments before an initial public offering (IPO). The platform will use tokenized depositary receipts issued by Citigroup to represent ownership interests in private companies. Initially, the service will be open only to foreign investors, with plans to offer access to U.S. investors in the future. Citigroup stated that it is in discussions with several large private companies about offering their shares on the platform.

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AMirroredSphereReflectingThe
· 6h ago
Liquidity in the private market has long been a pain point—how much can blockchain plus depositary receipts help solve it?
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L2ArbitrageYoungster
· 6h ago
Exclusive for the wealthy, retail investors can only watch the excitement now
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GateUser-991fc58a
· 6h ago
Traditional financial giants are finally getting involved; Citibank's move into tokenization is quite impressive.
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PineLiquidityPool
· 6h ago
Talking with several major private companies, probably we'll see the first batch of targets soon.
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GateUser-b4b056d3
· 6h ago
Tokenized equity sounds very Web3, but at the core it's still Citibank custody; it's the same soup with a different spoon.
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