Citigroup Launches Digital Depositary Receipts
Analysis based on 6 articles · First reported Jun 11, 2026 · Last updated Jun 15, 2026
The launch of Citigroup's Digital Depositary Receipts is expected to positively impact the financial markets by providing a more efficient and transparent way for private companies to access liquidity and for investors to participate in private markets. This innovation could lead to increased capital flow into private companies and potentially influence how other financial institutions approach digital asset solutions, especially in the private equity and wealth management sectors.
Citigroup has launched Digital Depositary Receipts on private shares, a new model designed to broaden access to private markets for global issuers and investors. This initiative marks the first time a global financial services company is both issuing and acting as a custodian for tokenized depositary receipts representing private companies. The solution leverages blockchain infrastructure operated by Singapore Exchange to tokenize private market shares. The inaugural transaction involved Kaleido, a Citigroup portfolio company, and investors within Citigroup's Wealth business. This product aims to address the challenges of illiquid private markets by offering an efficient, cost-effective, and digitally native approach, reducing complexity and hidden costs associated with traditional secondary markets. Citigroup is considering expanding this offering across various financial market infrastructures and blockchain networks.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard