Citigroup Launches Tokenized Kaleido DDRs on SDX for Non-U.S. Investors on June 11, Targets $5.5T Market by 2030

According to The Wall Street Journal, Citigroup launched tokenized Kaleido depositary receipts (DDRs) on the SIX Digital Exchange blockchain platform on June 11, initially available to non-U.S. institutional and wealthy investors. The bank acts as custodian for the securities, which represent underlying pre-IPO company shares and allow clients to hold private-market exposure alongside traditional assets.

Citi's Tokenization 2030 report projects the global tokenized asset market to reach $5.5 trillion by 2030, up from approximately $17 billion today. The bank plans to expand access to U.S. investors later in 2026 and may explore additional blockchain networks as adoption grows.