Post by The Luxembourg House of Web3

Citi has taken a notable step in the evolution of private markets by tokenizing pre-IPO equity through its new Digital Depositary Receipts (DDRs). In the first transaction, tokenized shares of @Kaleido were issued and made available to Citi Wealth clients using infrastructure provided by @SIX Group. What makes this development interesting is that Citi is acting as both issuer and custodian, something the bank says is a first among global banks. As companies stay private for longer, access to private market opportunities has become increasingly complex, with secondary transactions often lacking transparency and involving multiple intermediaries. Citi's approach aims to simplify ownership, improve transferability, and create a more efficient framework for private market investing. The bank is already exploring expansion to additional blockchain networks, signaling growing institutional interest in bringing traditionally illiquid assets on-chain. Source: BSC News Daniel Rodríguez Miguel Harry Lars Ghillemyn Leonel Marques Maria Bezmelnitsina Ludivine Chaulier Michael Duval Laszlo Muranyi Dr., MBA Brice Vandevoorde Tommaso Cervellati, MBA, CAIA Karima Lachgar Moustapha Adjadj Kevin Riou David Teixeira Julien Wolff Jesús Peña García 💥 Nazim Morera Sonia Brahmi Roberto P. Flavien Rouzaud Tobias Seidl Pascal De Keyser Henri Ndreca Eni Shtini Sorin Cristescu Umberto Benti OffChain Luxembourg a.s.b.l. Olivier Laurette Anna Potkalo Simon Litvinov Tim Mmango, MiCA, ICA, CCI, CCE Dmitrii W. K. Romain LUCAS Rushank Bardolia Théodora Radkova

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