Citibank partners with Swiss SDX to tokenize privately held shares

ChainCatcher news, according to CoinDesk, global banking giant Citi has partnered with the digital asset division of Switzerland's major securities trading platform, SIX Digital Exchange (SDX), to tokenize privately held shares, aiming to simplify the $750 billion market that currently relies on PDF files and paper documents.

Citi will act as the custodian and issuance agent, providing tokenized versions of late-stage, privately held company equity on SDX's regulated blockchain platform—the Central Securities Depository (CSD) platform.