Citi to Offer On-Chain Private Company Trading

Citi is launching a new initiative that will enable its institutional clients to trade tokenized shares of private companies directly on a blockchain. This development, discussed by Shahmir Khaliq, head of services at Citi, on "Bloomberg Crypto," represents a significant step towards integrating traditional finance with decentralized ledger technology. By facilitating on-chain trading of private company equity, Citi aims to enhance liquidity and accessibility for institutional investors interested in the private markets, potentially streamlining complex transactions and opening new avenues for investment.