Swiss's Berner Kantonalbank to Join SIX Digital Exchange and Issue daura Participation Certificates

Berner Kantonalbank (BEKB), a classic Swiss cantonal bank, is onboarding to SIX Digital Exchange (SDX), part of SIX Group and the world's first end-to-end platform for digital assets, and as a first transaction will issue daura participation certificates.

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SDX, BEKB and daura are committed to establish a Swiss private market ecosystem for the issuance, trading, and custody of tokenized shares for small and medium enterprises (SMEs). daura​, the leading Swiss equity tokenization platform, has been SDX's partner as a provider of DLT-based share registry services and tokenization since April 2022.

As part of the collaboration, daura will be the preferred provider for BEKB offering its real-time digital share registry and digital annual general meetings. BEKB, with their SMEx platform, have been a leader in providing secondary liquidity to Swiss private companies. SDX will provide the digital financial market infrastructure for digital assets to be issued in a regulated, intermediated form. Investors will benefit from regulated custody in their securities account and easier transferability.

daura will be the first user of this model by issuing participation certificates which will be made available in the banking system through BEKB, these shares will then be registered on the SDX CSD.

"With this partnership, BEKB is further expanding its offering around tokenized shares," explained Armin Brun, CEO of BEKB. "By involving the central securities depository (CSD) of SIX Digital Exchange, we enable the safekeeping and custody of such shares for a broad audience. This underscores BEKB's activities in this area – and as a cantonal bank, we are playing our part in helping digital shares achieve a breakthrough on a broader front."