SIX Digital Exchange Inks Partnership with Daura

Wednesday, 20/04/2022 | 23:45 GMT by Felipe Erazo
  • Daura's SMEs can now issue private bankable securities in SDX's centralized depository.
  • Daura is an equity tokenization platform based in Switzerland.
switzerland

On Wednesday, SIX Digital Exchange (SDX), the world’s first fully regulated FMI digital asset exchange , announced a partnership with daura, a Swiss equity tokenization platform.

According to the press release, daura companies will be able to issue digital equity securities in SDX’s regulated Central Securities Depository (CSD).

SDX will provide daura's SMEs with access to secondary liquidity through SDX’s centralized depository, allowing them to issue bankable private securities and manage their share registry and cap table through a consolidated workflow. As a result of SDX’s coordination of processes, companies will be able to increase investor visibility and reduce time-to-market.

‘Adding Another Building Block’ to the Swiss Crypto Ecosystem

“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,” David Hatton, Head of Product at SIX Digital Exchange, commented.

Peter Schnürer, the CEO of daura, pointed out the following in a statement: “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.” According to David Newns, the Head of SDX, “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.”

On Wednesday, SIX Digital Exchange (SDX), the world’s first fully regulated FMI digital asset exchange , announced a partnership with daura, a Swiss equity tokenization platform.

According to the press release, daura companies will be able to issue digital equity securities in SDX’s regulated Central Securities Depository (CSD).

SDX will provide daura's SMEs with access to secondary liquidity through SDX’s centralized depository, allowing them to issue bankable private securities and manage their share registry and cap table through a consolidated workflow. As a result of SDX’s coordination of processes, companies will be able to increase investor visibility and reduce time-to-market.

‘Adding Another Building Block’ to the Swiss Crypto Ecosystem

“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,” David Hatton, Head of Product at SIX Digital Exchange, commented.

Peter Schnürer, the CEO of daura, pointed out the following in a statement: “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.” According to David Newns, the Head of SDX, “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.”

About the Author: Felipe Erazo
Felipe Erazo
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About the Author: Felipe Erazo
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.
  • 1036 Articles
  • 42 Followers

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