Citigroup is collaborating with Switzerland's Six Digital Exchange (SDX) to tokenize and custody shares of late-stage, pre-IPO companies, with plans to launch this service in the third quarter of 2025. This initiative aims to facilitate investments in high-growth, venture-backed firms for institutional investors. By tokenizing these assets, the partnership intends to simplify liquidity management for early investors and enhance the tracking of ownership of company shares. Marni McManus, Citi’s country officer for Switzerland, emphasized that this innovative solution would help modernize a traditionally paper-driven industry. The increasing interest in tokenizing real-world assets is reflected in the growing market, which has reportedly surged to $22.1 billion, highlighting the significant potential for traditional financial institutions to engage with modern blockchain technologies.

Source 🔗