Citi and SDX Partner to Tokenize Pre-IPO Shares, Targeting Q3-2025 Launch

Citi has joined forces with Switzerland’s SIX Digital Exchange (SDX) to tokenize late-stage private shares, marking a significant step toward digitizing private capital markets. The collaboration, announced at the Point Zero Forum, aims to streamline inefficiencies for issuers and investors alike.

The banking giant will serve as both digital custodian and tokenization agent on SDX’s regulated platform. This initiative reflects growing institutional confidence in blockchain-based solutions for traditional finance pain points.

Scheduled for Q3 2025, the project could set a precedent for how Wall Street engages with digital asset infrastructure. The move comes as traditional financial institutions increasingly explore tokenization to unlock liquidity in traditionally illiquid markets.