TechFlow, May 6 — According to CoinDesk, Citibank will collaborate with SIX Digital Exchange (SDX), the digital asset division of the Swiss Stock Exchange, to provide custody and issuance agent services for SDX's blockchain-based securities settlement platform. The project is expected to launch in the third quarter, primarily targeting global markets including Switzerland and Singapore (excluding the United States), with a focus on tokenized pre-IPO equities.
David Newns, CEO of SDX, said the platform is built on R3's Corda distributed ledger technology, allowing investors to access dematerialized securities via brokers and custodians. SBI Digital Markets in Singapore and digital asset banking group Sygnum will assist Citibank in bringing pre-IPO equities onto the SDX platform.
