Citi, a major US banking institution, is set to launch a blockchain-powered marketplace for tokenized shares of private companies, signaling Wall Street's growing embrace of digital assets.
Citi is pioneering a new method for investors to access private company equity through blockchain-powered digital depositary receipts.
Major banks like JPMorgan and Citi are reportedly launching a tokenized deposit network by early 2027 to compete with stablecoins and modernize financial transactions.
JPMorgan, Bank of America, and Citi are reportedly collaborating on a shared tokenized network, slated for launch next year, to address the growing influence of stablecoins.
While MicroStrategy's recent Bitcoin sales captured attention, Citi analysts argue the real challenge for BTC lies in attracting fresh capital from new buyers.
A new report from Citi anticipates the tokenized securities market will expand significantly, reaching an estimated $5.5 trillion valuation by 2030.