Citigroup is rolling out a blockchain-based platform that allows its wealthy and institutional clients to trade shares of private companies through tokenized depositary receipts. The venture is initially available only to foreign investors, with plans to expand to US clients later, the Wall Street Journal reported.
Citigroup To Offer Platform for Tokenized Shares of Private Companies: WSJ
11 June 2026 - 14:12 CEST
By Stu Clelland
The bank said the platform offers a more transparent and straightforward way for investors to gain exposure to private firms, compared with special-purpose vehicles that have faced regulatory scrutiny. Clients can hold tokenized private shares alongside public equities in their existing accounts.
The infrastructure runs on Switzerland-based SIX’s blockchain and is designed so that other financial institutions can also use it. Citigroup has already completed its first transaction on the platform, in which wealth clients invested in Kaleido, an institutional tokenization platform.
The move comes as banks increasingly explore tokenization, with Citigroup and J.P. Morgan Chase among those planning tokenized deposit systems. Artem Korenyuk, Citigroup’s global head of digital assets, said the bank hopes the platform will be adopted more widely across Wall Street.
