Switzerland’s SIX Digital Exchange (SDX), the digital asset exchange and central securities depository (CSD), in partnership with F10, a fintech, and Aequitec, a digital share register and cap table company, have completed the first tokenisation of equity shares in a fully regulated CSD based on distributed ledger technology.
F10 will issue its shares with the SDX CSD where shares are tokenised, while share registry services will be provided by Aequitec. Tokenised private shares are transferrable in the form of dematerialised intermediated securities on the SDX DLT platform under Swiss law.
Expected benefits are increased efficiency and greater liquidity for private markets. This represents a major step towards enhancing the share registry process for private companies by using blockchain technology.