Caplight Facilitates Citi's Launch of Tokenized Depositary Receipts on Private Shares

Caplight has been chosen by Citi to provide independent pricing for its new Digital Depositary Receipt (DDR) product, tokenizing private company shares for eligible investors. This represents a pioneering move by Citi to apply the depositary receipt model, traditionally used for public equities, to private shares, starting with shares in Kaleido, Inc.

This Wire brief sits within Fusion42's coverage of Fintech.