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Citi and SDX Partner to Tokenize $75B Pre-IPO Shares Market
Citi and SDX Partner to Tokenize $75B Pre-IPO Shares Market
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Banking giant Citi has joined forces with SIX Digital Exchange (SDX), the digital assets arm of Switzerland’s main stock exchange, to tokenize late-stage pre-IPO equities. The collaboration targets a $75 billion market currently burdened by paper-based processes.
Citi will serve as custodian and issuer agent for tokenized shares on SDX’s regulated blockchain-based CSD platform. The solution, slated for Q3 launch, aims to streamline private equity transactions while excluding U.S. investors initially.
The initiative focuses first on Switzerland and Singapore, with plans to expand across Asia. It represents a significant institutional move toward blockchain adoption in traditional finance, particularly for illiquid alternative assets.
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