Today the SIX Digital Exchange (SDX) announced that fintech accelerator F10 issued tokenized private stock held in SDX’s regulated central security depositary (CSD), which uses blockchain. While SDX is responsible for the token issuance, startup Aequitec provided share registry and cap table services.
F10’s CFO Jonathan Seiler observed “clear advantages of managing our share registry and all related processes fully digitally.” SDX sees those benefits as efficiency and improved liquidity for private markets.
SDX first announced it was working with Aequitec in March. It’s also working with another startup daura which tokenizes private stocks. In that relationship, the tokenized stock can be issued into SDX’s CSD and use SDX as a secondary market.
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