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Key Takeaways
- Citi tokenizes private equity stakes into depositary receipts tradeable alongside public stocks.
- Infrastructure runs on SDX, Switzerland’s FINMA-licensed DLT-based Central Securities Depository.
- First live transaction: Citi wealth clients invested in tokenization platform Kaleido.
Citigroup’s new venture converts private company equity stakes into tokenized depositary receipts, digital instruments that sit inside a client’s investment portfolio directly alongside conventional public equities like Apple or Microsoft. Citi acts as both issuer and custodian, while the underlying infrastructure is operated by SIX Digital Exchange (SDX), Switzerland’s first and only distributed ledger-based Central Securities Depository (CSD), licensed and supervised...
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