Who is the target audience for Citigroup's tokenized shares service?

The service is aimed at Citigroup's wealthy and institutional clients.

What blockchain technology is used for the service?

Citigroup has not disclosed the specific blockchain technology, but confirmed the platform is blockchain-based.

Will this service affect Citigroup's stock?

The service could strengthen the bank's wealth management division and attract new clients, potentially boosting the stock in the long term, but no immediate impact has been observed.

Citigroup Launches Tokenized Shares for Private Companies on Blockchain

Citigroup (C) has launched a blockchain-based service to convert pre-IPO private company equity into digital tokens for wealthy and institutional clients, as reported by the Wall Street Journal on Thursday.

June 11, 2026

2 min read

Source: Investor's Business Daily

Citigroup (C) announced the launch of a new service that allows wealthy and institutional clients to convert equity in pre-IPO private companies into digital tokens via a blockchain-based platform, according to a report in the Wall Street Journal on Thursday.

The Product

The platform enables the conversion of ownership stakes in private companies into tradable digital tokens, simplifying ownership transfer and increasing liquidity in the private equity market. This move is part of Citigroup's broader strategy to embrace digital transformation and decentralized finance technologies.

Pricing and Availability

Citigroup has not yet disclosed pricing details or a specific timeline for commercial launch. The service is currently available to the bank's wealthy and institutional clients.

Competition

Citigroup enters a competitive landscape where major banks and fintech companies are increasingly exploring blockchain applications. Rivals such as JPMorgan (JPM) and Bank of America (BAC) are also testing similar blockchain-based services.

Potential Impact on the Company

The launch comes as Citigroup undergoes a major turnaround under CEO Jane Fraser, aiming to boost profitability and revenue through digital innovation. The service could strengthen the bank's wealth management division and attract new clients.

Frequently Asked Questions

Citigroup launched a blockchain-based platform that converts pre-IPO private company equity into tradable digital tokens for wealthy and institutional clients.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.