Switzerland’s SIX Digital Exchange (SDX), the world’s first fully regulated digital asset exchange and Central Securities Depository (CSD), in partnership with F10, a global FinTech and InsurTech Innovation Ecosystem and Aequitec, a digital share register and cap table company, ahas completed the first-ever tokenisation of equity shares in a fully regulated CSD based on Distributed Ledger Technology (DLT).

Switzerland’s SIX Digital Exchange (SDX), the world’s first fully regulated digital asset exchange and Central Securities Depository (CSD), in partnership with F10, a global FinTech and InsurTech Innovation Ecosystem and Aequitec, a digital share register and cap table company, ahas completed the first-ever tokenisation of equity shares in a fully regulated CSD based on Distributed Ledger Technology (DLT).

F10 will issue its shares with the SDX CSD where shares are tokenised, while the 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 according to Swiss law.

With this new partnership approach, financial institutions can move beyond today’s business model of tailor-made, one-by-one private placement, to a sustainable, digitalised, process-driven business. 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. By orchestrating processes across all involved parties, the collaboration ensures a seamless user experience for issuers, investors, and SDX member banks.