Citi and the Swiss exchange SDX have announced a joint initiative aimed at providing institutional and eligible investors access to tokenized private market assets. The initiative is set to be implemented in Q3 2025.
Initiative for Asset Tokenization
The program will utilize SDX's regulated blockchain platform to provide access to late-stage pre-IPO equities. Citi will serve as both a digital custodian and tokenization agent, offering settlement and safekeeping for tokenized shares.
Efficiency of Private Markets
The initiative aims to modernize access to private equity, which is currently characterized by fragmentation and cumbersome paper processes. Citi will provide streamlined solutions for managing liquidity for early shareholders and employees while preserving control over cap tables.
Global Expansion and Ecosystem Growth
Citi will provide end-to-end servicing for tokenized assets for its global client base. Partners like Sygnum in Europe and SBI Digital Markets in Asia will assist in distributing pre-IPO equities, broadening the project's reach.
The joint initiative between Citi and SDX creates new opportunities for access to private investments, making them more transparent and available to global investors.
