Citigroup plans to launch a blockchain marketplace for private company shares, moving into the growing tokenization space. The platform will let wealthy and institutional investors invest in pre-IPO companies using tokenized depositary receipts from Citi. It will start with international investors and later expand to the U.S.
Reports say the marketplace will let investors hold shares in private companies along with their usual investments, all in a familiar brokerage setting. Citi thinks tokenized depositary receipts are more transparent than the special-purpose vehicles (SPVs) often used for private market deals.
This move shows that more people want to invest in companies before they go public, since many firms are staying private longer and building more value before listing on exchanges.
SIX Digital Exchange, part of the Swiss stock exchange group SIX, will run the blockchain system behind the platform. Citi is already talking with several big private companies about listing their shares there.
Interest in private markets has grown a lot in recent years. Studies show private equity has done better than major public markets over the long term, so more investors want early access to fast-growing companies.
This also shows that big financial institutions are turning to tokenization to modernize capital markets and give investors better access. As more people use blockchain, tokenized securities are quickly becoming a major part of digital finance.
NEW: CITIGROUP TO OFFER TOKENIZED PRIVATE-COMPANY SHARES TO WEALTH AND INSTITUTIONAL CLIENTS — WSJ pic.twitter.com/XpxoIceiIO
— The Block (@TheBlockCo) June 11, 2026
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