Share page with AddThis


SIX claims tokenisation first

Blockchain technologySwitzerland’s SIX Digital Exchange (SDX) has announced what it claims is the world’s first tokenisation of an equity share in a fully-regulated central securities depositary (CSD) based on blockchain technology.

The transaction was conducted in partnership with fintech F10 and digital share register company Aequitec.

The shares will be issued by F10 while Aequitec will manage the share registry services.

SDX, which describes itself as the world’s first fully regulated digital asset exchange, stated that tokenisation will bring more efficiency and greater liquidity to private markets and allow for the move from “one-by-one private placement to a sustainable, digitalised, process-driven business”.

Massimo Butti, head of equity at SDX, hailed the collaborative effort involved in the tokenisation project. : “An ecosystem that supports private companies in their funding journey and reduces the complexities and inefficiencies of issuing private equity can only be achieved through collaboration: with existing and new players; by leveraging existing processes; and by creating new technical standards,” he said.

“The issuance of F10 shares on SDX is the result of the cooperation with different market actors. It provides a scalable blueprint for other issuers and participants to issue digitized shares and affirms that our private issuance market is open for business”.

©2022 fundsTech

Most read features

Roundtable: The digital transformation opportunity

The funds industry is looking at adopting new types of technology, from automation to ESG reporting, blockchain and tokenisation. A FundsTech roundtable in March explored how these will revolutionise the sector.

Tokenisation: The incredible potential of tokenisation

Tokenisation offers a new generation of investors access to a wide range of asset classes. But a lack of analysts is one reason why the market may not be ready for the possibilities, finds Nicholas Pratt.

Regulation: Panel calls for simplicity in ESG reporting

The industry accepts the need for more rigour in ESG fund reporting, but the work will be pointless if investors don’t understand the end result. Nicholas Pratt reports.

Cryptocurrencies: Crypto funds face long wait for regulatory approval

While crypto currencies forge onwards, access for investors who prefer to invest through regulated vehicles remains muted. A wait-and-see stance by regulators lies at the centre of this, finds Nicholas Pratt.

Managing the impact of ESG reporting

A rise in ESG reporting requirements is impacting asset managers in every conceivable way. The solution, discovers Nicholas Pratt, is to use all of this newly found data to form a closer relationship with the next generation of investors.

Sponsored Profiles

The importance of trust when building successful client-vendor teams

Petra Roche and Anna Kanior-FlorekFundTech speaks to Metrosoft’s Petra Roche and Anna Kanior-Florek about cross-organisational relationships and why mutual trust...

The digitally connected Global Transfer Agent

Anand Ramachandran, Vice President, Global Head of Solutions, Richard Clarkson, Head of Solutions, Funds and Swapnil Joshi, Senior Strategy Manager from Oracle Financial Services Global...

Data consolidation takes centre stage in asset management M&A

MergersConsolidation between asset management firms is overwhelmingly expected to increase. Operational challenges remain thanks to legacy systems. But in a recent...

Are you being microserved?

As asset managers grapple with new digital technology, FundsTech talks to Calastone’s Adam Belding about the importance of software architecture and the benefits...