Citigroup offers tokenized private shares

Citigroup is launching a new blockchain-based platform enabling its high-net-worth and institutional clients to trade tokenized shares of private companies. Initially, this service will be exclusively available to foreign investors. This initiative comes as many prominent private firms, including SpaceX and Anthropic, delay their public offerings, creating a demand for alternative ways to invest in these growing companies. Citigroup is reportedly in talks with major private companies to join the platform, aiming to establish a new standard for private equity trading on Wall Street.