Citibank and Switzerland's SDX team up to enter the tokenized private company equity market

Global banking giant Citibank (Citi) has partnered with SIX Digital Trading Platform (SDX), the digital assets arm of Switzerland's leading securities exchange, to tokenize untraded shares, aiming to simplify the $750 billion market, which still relies on PDF files and paper documents.
Citibank will act as custodian and issuing agent to provide a tokenised version of late-stage, unlisted company stakes on SDX's regulated blockchain platform, the Central Securities Depository (CSD).