To increase access to private markets, Citigroup announced a partnership with the Swiss stock exchange SIX Group AG. The purpose of this collaboration is to make the settlement and custody processes of assets in private markets simpler and more digital, which have historically been very manual. According to an official statement mentioned by Bloomberg, this initiative will allow Citigroup to use the SDX platform, which is the digital assets division of SIX. Thanks to this platform, they will offer shares of companies in advanced stages of growth and before their Initial Public Offering (IPO). This offering is expected to be available starting in the third quarter of 2025. This initiative has the potential to be a significant milestone in expanding access to private investments. Marni McManus, head of Citigroup in Switzerland, Monaco, and Liechtenstein, emphasized the importance of this collaboration. She noted that this partnership will facilitate the "simplification and digitalization of what is currently a predominantly manual and paper-based industry." This transition to digital promises to significantly shorten execution times in transactions and enhance efficiency in asset management. Thus, access to private markets could evolve into a completely new stage. It is important to mention that the distribution of these pre-IPO shares will be carried out through two strategic partners: Sygnum Bank AG, a digital asset bank, and SBI Digital Markets, a brokerage firm located in Singapore.
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