Citi, Switzerland’s SDX Join Forces to Tokenize $75B Pre-IPO Shares Market

Banking giant Citi and SIX Digital Exchange (SDX), the digital assets-focused arm of Switzerland's main stock exchange, are teaming up to tokenize non-publicly traded shares in a move to streamline a $75 billion market that's littered with PDFs and paper documents.Citi will act as a custodian and issuer agent for tokenized versions of late stage, pre-IPO equities on SDX’s regulated blockchain-based Central Securities Depository (CSD) platform, the companies said on Tuesday.Citi said the platform, which is expected to go live in the third quarter, will exclude U.S source: https://www.coindesk.com/business/2025/05/06/citi-switzerland-s-sdx-join-forces-to-tokenize-usd75b-pre-ipo-shares-market