Polygon CEO Marc Boiron Criticizes Citi's Pre-IPO Platform Privacy Trade-off, June Launch

According to Marc Boiron, CEO of Polygon Labs, Citi's blockchain platform for pre-IPO shares, which launched in June, prioritizes privacy at the cost of liquidity for eligible investors. Boiron told FinanceFeeds that confining assets to a single closed network limits buyers to a handful of existing clients rather than reaching all eligible investors across markets. He argues that cryptographic privacy tools like zero-knowledge proofs and programmable eligibility can work on open networks, allowing banks to maintain confidentiality without stranding assets on proprietary ledgers. The critique reflects a broader tension in tokenized private markets: a $60 billion real-world asset market where $32.9 billion across 910 assets recorded zero weekly transfer activity, according to a Forbes report.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments