Citi and SDX to Tokenize Private Equity Markets

Odaily News Global banking giant Citi announced a partnership with SIX Digital Exchange (SDX), a digital asset platform under the Swiss Stock Exchange, to launch a blockchain-based central securities custody platform (CSD) in the third quarter of 2025 for tokenizing pre-IPO shares. Citi will serve as the custodian and issuance agent of digital assets, and SDX's platform will be built on R3's Corda distributed ledger technology.
It is reported that the platform will initially target institutions and qualified investors in Switzerland, Singapore and other parts of Asia, and US investors are not included for the time being. The move aims to improve the liquidity and efficiency of the private equity market and solve the problems of manual operations and information opacity in the current transaction process. SDX CEO David Newns said that the cooperation will enable the efficient distribution of shares of mature international private companies and is expected to attract strong investor interest. (Cointelegraph)