Latest news with #MarniMcManus
Finextra
08-05-2025
- Business
- Finextra
Citi and SDX announce digital assets plan for private markets
Citi has teamed up with Swiss post-trade group SDX in a bid to develop tokenisation for private market assets. 0 This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The partnership, announced at the Point Zero Forum in Switzerland this week, will see Citi tokenise, settle and safekeep assets on SDX's digital central securities depositary platform. This in turn will bring late-stage pre-IPO equities to institutional and eligible investors on the SDX platform, according to a statement. Tokenisation, once described as a solution looking for a problem, has recently been seen as a way to generate greater liquidity and investor access to private market assets. The venture is expected to go live in the third quarter of 2025. "This initiative will distinguish itself in the industry by using SDX's regulated blockchain based technology to enable the efficient distribution of shares in mature international private companies, which are expected to generate strong investor interest," said David Newns, head of SDX. 'Switzerland's regulatory framework and SDX's infrastructure allows Citi to bring a new solution to market using technology to solve for challenges in private markets for issuers and investors," said Marni McManus, Citi country officer and head of banking for Switzerland, Monaco and Liechtenstein. "Private markets is a major and growing opportunity and our work with SDX promises to simplify and digitise what is essentially a manual and paper-driven industry today,' said McManus.
Malaysian Reserve
07-05-2025
- Business
- Malaysian Reserve
Citi and SDX Join Forces to Unlock Access to Tokenized Private Market Assets for Global Issuers and Investors
Citi will join SDX as a custodian and tokenization agent as both parties work together to unveil an industry-first solution in the third quarter of 2025 SINGAPORE, May 7, 2025 /PRNewswire/ — Citi and SDX today announced their collaboration at the Point Zero Forum in Switzerland that addresses challenges associated with traditional private markets for global issuers and investors. Citi will be tokenizing, settling and safekeeping assets on SDX's digital Central Securities Depositary (CSD) platform and will bring late-stage pre-IPO equities to institutional and eligible investors on the SDX platform. Expected to be live by the third quarter of 2025, Citi and SDX are developing a scalable solution that will make shares in high-growth, venture-backed private companies much more accessible to investors. For issuers, it will present a novel and compliant model to simplify liquidity management for early investors and employees while enabling cap table control. The collaboration leverages Citi's expertise in securities services and private market investments, and SDX's regulated infrastructure for digital securities. David Newns, Head of SDX, said, 'We are excited to welcome Citi to the SDX platform and together deliver this landmark project in the tokenization of private shares. This initiative will distinguish itself in the industry by using SDX's regulated blockchain based technology to enable the efficient distribution of shares in mature international private companies, which are expected to generate strong investor interest.' Marni McManus, Citi Country Officer & Head of Banking for Switzerland, Monaco & Liechtenstein, said, 'Switzerland's regulatory framework and SDX's infrastructure allows Citi to bring a new solution to market using technology to solve for challenges in private markets for issuers and investors. Private markets is a major and growing opportunity and our work with SDX promises to simplify and digitize what is essentially a manual and paper-driven industry today.' Ryan Marsh, Head of Innovation & Strategic Partnerships, Investor Services and Issuer Services at Citi, said, 'As a digital custodian and tokenization agent on the SDX platform, Citi will support its global investor and issuer clients with end-to-end servicing of tokenized assets. As tokenization scales, we are meeting client demand for access to emerging and relevant digital asset ecosystems and investments. Working with SDX, we are also advancing our innovation agenda to open new frontiers to benefit our clients.' The collaboration between Citi and SDX further supports the development of the Swiss digital asset ecosystem and its connectivity with key global markets worldwide. Global digital asset banking group, Sygnum, and Singapore-based financial institution, SBI Digital Markets, will facilitate access to the pre-IPO equities that Citi will bring onto the SDX platform to their clients in Europe and Asia, respectively. About SDX SDX Group AG (SDX) and its subsidiaries operate financial market infrastructures (FMIs) for the issuance, trading, settlement, and custody of digital assets, licensed by FINMA, Switzerland's financial market regulator. SDX operates a stock exchange through SDX Trading AG and SIX Digital Exchange AG, Switzerland's first and only Central Securities Depository (CSD) on DLT. SDX Web3 AG is also part of the Group and offers institutional-grade crypto asset custody and staking solutions. As part of SIX Group, SDX is subject to the Group's high quality and security standards covered under Swiss law. SDX is headquartered in Zurich, Switzerland. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services. Additional information may be found at | X: @Citi | LinkedIn: | YouTube: | Facebook: About the Point Zero Forum Jointly hosted by Global Finance & Technology Network (GFTN) with the Swiss State Secretariat for International Finance (SIF) annually in Zurich, what sets the Point Zero Forum apart is its focus on action-oriented outcomes: it moves beyond discussion to catalyse pilots, shape policy frameworks, and enable cross-border collaborations in areas such as digital money, asset tokenisation, artificial intelligence and green finance infrastructure. The fourth edition of the Forum convenes a curated community of global decision-makers to build trust in frontier innovation, co-design next-generation financial architecture, and align on regulatory pathways that are both robust and enabling. View original content to download multimedia: SOURCE Citi
Business Times
06-05-2025
- Business
- Business Times
Citigroup to partner with Swiss bourse in private markets push
[ZURICH] Citigroup is partnering with Switzerland's stock exchange SIX Group as part of a push by the Wall Street lender to make it easier for investors to settle and store their private markets holdings. The New York-based bank will use a platform operated by SDX, a subsidiary of SIX, to offer shares in late-stage, pre-IPO companies to investors, according to a statement. The offering will be available starting in the third quarter. 'Private markets is a major and growing opportunity,' Marni McManus, Citigroup's country officer and head of banking for Switzerland, Monaco and Liechtenstein said in the statement. The firm's partnership with SIX will 'simplify and digitise what is essentially a manual and paper-driven industry today.' The shares will be distributed through digital asset group Sygnum Bank and Singapore-based broker dealer SBI Digital Markets. The two companies will distribute the pre-IPO equities to their institutional and eligible investors in Europe and Asia, respectively. The announcement comes as many of the world's biggest banks have boosted their private-market offerings in recent months. Many have forged alliances with private-credit firms while others have been looking to ease access for retails investors into the illiquid asset class. Morgan Stanley said last week it plans to launch a private equity fund for the widest audience yet, while Goldman Sachs Group in April announced the launch of a private equity offering that will be open to individuals with as little as USUS$5 million in investments across their portfolios. With Citigroup's new partnership, trades that previously took weeks will be executed instantaneously on the new platform, McManus said. The tokenization of assets will also allow accredited investors to hold smaller amounts in those firms than they previously could. BLOOMBERG
