Citigroup Inc. is trading 3% up now at $137.41 after launching a new blockchain-based platform for institutional clients and benefiting from a broader market recovery.
- The new platform allows wealthy and institutional clients to trade tokenized private equity and depositary receipt interests, a move designed to expand the bank's digital-asset and wealth management offerings.
- Shares are also gaining support from a broader risk-on rebound, with major U.S. indices rising more than 1% as investors buy the dip following recent market volatility.