Today Citi announced plans to become a custodian and tokenizer for Switzerland’s SIX Digital Exchange (SDX). The bank aims to tokenize the equity of venture backed, late stage companies on the digital exchange, with plans to go live in the third quarter of 2025. The aim is to reach eligible private and institutional investors.
SDX consists of both a regulated DLT-based central securities depositary (CSD) and a marketplace, with Citi becoming a CSD member alongside several other Swiss and international banks. Standard Chartered joined in March.
“This initiative will distinguish itself in the industry by using SDX’s regulated blockchain based technology to enable the efficient distribution of shares in mature international private companies, which are expected to generate strong investor interest,” said David Newns, Head of SDX.
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