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Gate Square New & Returning Creator Rewards are ongoing!
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Global banking giant Citibank (Citi) has partnered with SIX Digital Trading Platform (SDX), the digital asset arm of Switzerland's major securities trading platform, to tokenize untraded shares, aiming to streamline the $750 billion market, which still relies on PDFs and paper documents, according to CoinDesk.
Citibank will act as the custodian and issuance agent, providing tokenized versions of late-stage, unlisted company equity on the regulated blockchain platform of SDX - the Central Securities Depository (CSD) platform.