Citi and SDX partner to tokenize traditional private markets

Investment bank Citi and Switzerland’s SIX Digital Exchange (SDX) are teaming up to modernize traditional private markets through tokenization. The initiative, revealed during the Point Zero Forum in Switzerland, will leverage SDX’s blockchain-based Central Securities Depositary (CSD) platform to tokenize, settle, and safekeep assets, according to a May 6 announcement. The platform, expected to go live by the third quarter of 2025, will make late-stage, pre-initial public offering (IPO) equities accessible to institutional and eligible investors globally. For issuers, the project offers a compliant and scalable framework to manage liquidity, particularly for early investors and employees, while maintaining cap table control source: https://cointelegraph.com/news/citi-sdx-tokenize-private-markets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound