Financial service provider Citi has partnered with renowned digital asset exchange firm, SDX to revolutionize blockchain-powered tokenization. Citi confirmed the partnership in a blog post on its website today.
As part of the partnership, the financial service provider will also be tokenizing, settling and safekeeping assets on SDX’s digital Central Securities Depositary (CSD) platform. Meanwhile, Citi first announced its collaboration in Switzerland today, during the Point Zero Forum where key challenges affecting the traditional private market for global issuers and investors were discussed.
Citi to launch its new innovation in third quarter of 2025
As revealed, the financial service provider, Citi will join hands with the exchange as a custodian and tokenization agent to set a new standard in the industry. Set to launch within the third quarter of 2025, both parties plan to formulate scalable solutions that make shares in high-growth, venture-backed private companies become much more accessible to investors.
Furthermore, issuers will also be equipped with an innovative and compliant model designed to streamline liquidity management for early investors and employees, while facilitating cap table control. In addition, this partnership effectively combines Citi’s expertise in securities services and private market investments with the exchange’s regulated infrastructure for digital securities.
Similarly, the collaboration between the two industry giants further supports the development of the Swiss digital asset ecosystem and its connectivity with key global markets. Notably, clients in Europe and Asia will enjoy access to the pre-initial public offering through digital asset banking group, Sygnum, and Singapore-based financial institution, SBI Digital Markets.
Meanwhile, Citi Country Officer and Head of Banking for Switzerland, Monaco and Liechetenstin, Marni McManus has given his insight on the collaboration. McManus highlighted that the Switzerland regulatory framework combined with SDX’s infrastructure paves the way for Citi to launch this innovative solution.
Similarly, the head of SDX, David Newns also shared his delight to partner with the financial service provider. Newns revealed that leveraging SDX’s regulated blockchain technology makes this partnership exceptional. The exec noted that the innovation also enables the efficient distribution of shares in mature international private companies, further generating strong investor interest.
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