SIX expands equity tokenization market with daura

Rick Steves

By partnership with SDX, daura expands the market for tokenized assets and enables its partner 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.

SIX Digital Exchange has partnered with Swiss equity tokenization platform daura to enrich the exchange’s digital issuers ecosystem. Companies on daura will be able to issue digital equity securities seamlessly in SDX’s regulated Central Securities Depository (CSD).

The world’s first fully regulated FMI digital asset exchange provides issuers with the tools to support their funding journey from start-up to maturity as companies can and do stay private far longer than ever before.

Issuance, custody, and transfer of securities in private markets

David Hatton, Head of Product at SIX Digital Exchange, said: “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 establishing and developing the future ecosystem for the issuance, custody, and transfer of securities in private markets. We plan many more such partnerships as we build out our ecosystem.”

Peter Schnürer, Chief Executive Officer at daura, commented: “With this partnership between SDX and daura, we are adding another building block to the Swiss Digital Asset ecosystem: with SDX’s central custodian service and daura’s digital share register, a seamless End-to-End integration of SME and start-up shares into the banking system will be possible.”

David Newns, Head of Six Digital Exchange, added: “The expansion of our equity ecosystem aims at establishing a robust infrastructure that supports companies on their funding journey from an early stage to IPO. By combining DLT capabilities within a regulated exchange and CSD environment, SDX will provide a safe and trustworthy venue for these assets enabling institutional investors to securely invest in them.”

daura has been facilitating the issuance of digital shares since 2018, having been the chosen platform for 55 Swiss companies, which have tokenized their shares and raised over CHF 17 million from a community of 3,900 registered users.

By partnership with SDX, daura expands the market for tokenized assets and enables its partner 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.

SDX will offer companies enhanced investor visibility, and reduced time to market thanks to the irreversible nature of records on blockchain.

Raising capital through digital shares on daura 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.

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