SIX Digital Exchange (SDX), which claims to be the world’s first fully regulated FMI digital asset exchange, and daura, a Swiss equity tokenisation platform, have formed a partnership aimed at improving the exchange’s digital issuers ecosystem. Companies on daura will be able to issue digital equity securities seamlessly into SDX’s regulated CSD.
Since 2018, by issuing their digital shares on daura, in which SIX was a strategic early investor, 55 Swiss companies have tokenised their shares and raised over CHF17m from a community of 3,900 registered users. This new partnership with SDX will enable daura’s SMEs to issue private bankable securities in SDX’s CSD and access secondary liquidity, while managing their share registry and cap table via consolidated workflow.
By coordinating processes across all involved parties, SDX will offer companies enhanced investor visibility and reduced time to market. This is made possible through the fact that records in DLT are irreversible. A key benefit in raising capital through digital shares on daura, is that it gives enterprises greater control of their cap table and related corporate activities, including organising digital shareholders meetings and sharing confidential information in a secure environment.