Citibank explores tokenization of private equity funds
Citibank’s proof of concept proved it’s possible to issue tokenized versions of private equity funds and remain compliant and compatible with existing banking systems.
Citibank’s proof of concept proved it’s possible to issue tokenized versions of private equity funds and remain compliant and compatible with existing banking systems.
Citi became custodian of full denomination bonds in 2021, but now custodies fractional bonds too; Citi also launched tokenized deposits for rich clients.
The Wall Street giant is reportedly weighing up digital asset services like digital currency custody and trading, as a reflection of the ‘very rapid’ take up of digital currency investments across its client base.