Citi Is Creating a Way for Investors to Buy Private Startup Shares Like Stocks
Citigroup has launched Digital Depositary Receipts, a blockchain-based product that gives institutional and wealthy investors exposure to private startup shares through securities the bank issues and safekeeps. The receipts settle on regulated blockchain infrastructure operated by Switzerland’s SIX. Citi designed the system so other Wall Street banks can adopt it, a detail that could shape...
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