Switzerland’s SIX Digital Exchange (SDX), the world’s first fully regulated FMI digital asset exchange, and daura, the leading Swiss equity tokenization platform, have announced a partnership aimed at enriching the exchange’s digital issuers ecosystem. As a result, companies on daura will be able to issue digital equity securities seamlessly in SDX’s regulated Central Securities Depository (CSD).
In today’s markets, companies can and do stay private far longer than ever before. Using Distributed Ledger Technology (DLT) and partnering with innovative fintech firms, SDX provides issuers with the tools to support their funding journey from start-up to maturity.
Since 2018, by issuing their digital shares on daura, in which SIX was a strategic early investor, fifty-five Swiss companies have tokenized their shares and raised over CHF 17 million from a community of 3,900 registered users. This new partnership with SDX will enable daura’s SMEs to issue private bankable securities in SDX’s centralized depository and access secondary liquidity, while managing their share registry and cap table via consolidated workflow.
By coordinating processes across all involved parties, SDX will offer companies enhanced investor visibility, and reduced time to market. This is made possible through the fact that records in DLT are irreversible. A key benefit in raising capital through digital shares on daura, is that it gives enterprises greater control of their cap table and related corporate activities, including organizing digital shareholders meetings and sharing confidential information in a secure environment.
“This partnership with daura, represents a milestone shift in the way our industry functions. This approach builds on the relationship strengths of an organization like daura – where the digital securities are issued – and the separate, trusted and regulated strengths of SDX as a digital market infrastructure. This is another major step in…
