Citi, a major US bank, has launched a new blockchain platform. It will let investors trade digital tokens representing shares in private companies. This shows Wall Street's growing interest in digital assets.
Citi, a leading bank in the US, has introduced a new platform using blockchain technology. This marketplace will allow people to trade shares of private companies. These shares will be "tokenized depositary receipts," which are digital representations of ownership stored on a blockchain. This means traditional assets are being converted into digital tokens for easier trading. This step highlights how major financial institutions on Wall Street are increasingly adopting tokenized assets and blockchain solutions for more efficient markets.
Comments