Citi Launches On-Chain Marketplace for Trading Private Company Shares Using Digital Depositary Receipts

Citigroup has launched a blockchain-based marketplace for trading private company shares using Digital Depositary Receipts (DDRs), marking the latest push by a major Wall Street bank into tokenized assets.

• Platform uses Digital Depositary Receipts (DDRs) — on-chain securities issued and custodied by Citi
• Blockchain infrastructure operated by Switzerland's SIX Digital Exchange
• Initially available to non-U.S. investors; U.S. access planned later
• Citi says DDRs provide a regulated alternative to special-purpose vehicles (SPVs) for private market investing
• Part of a broader trend of major banks bringing traditional financial assets on-chain

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