Citi Launches Tokenized Receipts for Private Company Shares on Blockchain

On June 11, 2026, Citigroup rolled out a new service aimed at wealthy clients and institutional investors, allowing them to trade shares of private companies as blockchain tokens, according to The Wall Street Journal. Right now, this service is limited to non-U.S. investors and is based on the blockchain system of SIX in Switzerland, with Citi acting as both the issuer and custodian. The first of these transactions involved Kaleido, a tokenization infrastructure provider, where a Citi wealth client engaged through a tokenized depositary receipt model. Citi hasn't disclosed any details about the transaction's size or terms. This move is part of a broader trend toward tokenization on Wall Street, with a network for tokenized deposits expected from JPMorgan, Bank of America, Citi, and Wells Fargo in 2027.