It is understood that Citi will tokenise, settle and safeguard assets on SDX’s digital securities depositary platform. Doing so should enable Citi to create increased liquidity and investor access to the highly illiquid world of private markets. This exciting partnership could mean there are no (Citi) limits to the potential of using blockchain technology to improve the way eligible investors use private market assets in their portfolios. The offering between Citi and SDX is believed to kick off in Q3 2025. Soon it will be a case of packing away the office paper reserves and turning up the volume on digitisation, as private markets take another step forward in becoming more automated.