Citi and Switzerland’s SIX Digital Exchange (SDX) have partnered to tokenize traditional private markets, as announced during the Point Zero Forum in Switzerland. The collaboration aims to leverage SDX’s blockchain-based Central Securities Depositary (CSD) platform to tokenize, settle, and safeguard assets. The platform is set to go live by the third quarter of 2025, providing institutional and eligible investors globally access to late-stage, pre-IPO equities. This initiative offers compliant and scalable liquidity management for issuers, particularly for early investors and employees, while ensuring control over the cap table. Investors will benefit from transparent access to high-growth venture-backed companies. Citi will serve as the digital custodian and tokenization agent, providing end-to-end servicing for the tokenized assets. The move aligns with Citi’s strategy to meet client demand for digital asset investments. The partnership signifies Citi’s confidence in tokenization, as it continues to explore opportunities in the space. The collaboration between Citi and SDX comes amidst a growing interest in real-world asset (RWA) tokenization, with major financial players showing increased involvement. The recent surge in RWA tokenization reflects a broader trend towards digitizing traditional assets and processes. The partnership between Citi and SDX marks a significant step towards modernizing private markets through blockchain technology.