PANews reported on June 11 that, according to the Wall Street Journal, Citigroup will launch a blockchain platform allowing wealthy and institutional clients to trade tokenized shares of private company equity, initially open only to overseas investors. Citigroup stated that it has already spoken with several large unlisted companies to participate. With star private companies like SpaceX and Anthropic postponing their IPOs, Wall Street's demand for private equity allocation is rising. Citigroup previously predicted that the tokenized securities market could reach approximately $4 trillion by 2030 and has already piloted tokenized client deposits for cross-border settlements through Token Services. It recently joined a tokenized deposit network alliance led by JPMorgan, aiming to achieve 24/7 settlement of large client funds.