SIX Digital Exchange Ties with Daura on Digital Equity Securities Offering
SIX Digital Exchange (SDX), part of SIX Group and the world's first end-to-end platform for digital assets, has formed a partnership with daura, the leading Swiss equity tokenization platform, to enrich the exchange's digital issuers ecosystem.
This collaboration will enable companies on daura to issue digital equity securities seamlessly in SDX's regulated Central Securities Depository (CSD), according to the official press release.
55 Swiss companies have tokenized their shares since 2018 and secured more than CHF 17 million from a community of 3,900 registered users by issuing their digital shares on daura. And with this new partnership, daura's SMEs will be able to issue private bankable securities in SDX's centralized depository and access secondary liquidity, while managing their share registry and cap table via consolidated workflow.
Besides, by coordinating processes across all involved parties, SDX will deliver companies enhanced investor visibility, and reduced time to market. 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.
"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," said David Hatton, Head of Product at SDX.
Peter Schnürer, CEO daura said: "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."
"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," David Newns, Head of SDX, added.
SIX was one of daura's strategic early investor.
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