SIX Digital Exchange and Aequitec partner up
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Zurich, 30 March 2022 – Switzerland’s SIX Digital Exchange (SDX), the world’s first fully regulated FMI digital asset exchange, and Aequitec, a digital share register and cap table company, will partner to enhance the funding process for private companies. This will enable the seamless issuance and custody of digital equity securities in SDX’s regulated CSD.
We are pleased to announce that Switzerland's SIX Digital Exchange (SDX) and Aequitec will partner to significantly enhance the funding process of private companies. This will help founders to focus on executing their core business strategies.Interesting background information, facts and statements of the relevant persons can be found in the attached press release. If you need further information or are interested in an interview, then please feel free to contact me.
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NEWS RELEASE
SIX Digital Exchange and Aequitec to partner on Cap Table and Share Registry services for SDX’s digital equity securities offering
Zurich, 30 March 2022 – Switzerland’s SIX Digital Exchange (SDX), the world’s first fully regulated FMI digital asset exchange, and Aequitec, a digital share register and cap table company, will partner to enhance the funding process for private companies. This will enable the seamless issuance and custody of digital equity securities in SDX’s regulated CSD.
Growth companies tend to remain private for longer before moving into public markets. During this period, issuers need efficient access to capital while maintaining sufficient control over the investor base.
Raising new funds while private is a cumbersome process that distracts founders and entrepreneurs from executing their core business strategies. The collaboration will streamline this process for issuers and SDX members, providing full control and traceability on transfers of shares from funding to IPO. Aequitec‘s SDX connection ensures that unlisted shares can be integrated into the financial cycle with ease.
By orchestrating the processes across all involved parties, SDX and Aequitec provide a permanent and immutable transaction record using DLT. This in turn will reduce errors and facilitate the automated updating of the share registry, while providing to the issuer full visibility of investors’ holdings.
“As a digital market infrastructure based on DLT-technology, this collaboration with Aequitec is another key milestone in creating a new ecosystem for the issuance, custody, and transfer of equity securities in private markets”, said David Hatton, Head of Product at SIX Digital Exchange.
“This unique partnership will bring high flexibility to the issuers since Aequitec‘s share register can represent all forms of representation of shares,“ adds Christian Wilk, Chief Executive Officer at Aequitec AG.
About SIX Digital Exchange
SIX Digital Exchange [SDX] is a wholly-owned subsidiary of SIX, Switzerland’s Financial Market Infrastructure [FMI] provider. SDX is licensed by Switzerland’s financial market regulator, FINMA, to operate an Exchange and a Central Securities Depository [CSD]. SDX offers issuance, listing, trading, settlement, servicing, and custody of digital securities. SDX is also a global leader in the development of wholesale Central Bank Digital Currency [wCBDC], working in close partnership with the Swiss National Bank and the Bank for International Settlements. SDX is committed to working with partners, members, and clients to promote and build out a new market structure for digital assets globally.
About Aequitec
Founded in 2020 by Johannes Schneebacher, Dr. Christian Wilk, and Deon Digital AG, Aequitec helps stock and private companies to digitize their corporate governance processes. The Zurich-based startup supports its customers with a specially developed software platform. This offers the possibility to automate and digitally map corporate actions. This enables stock corporations, for instance, to hold their general meetings digitally or hybrid and to digitize their share register with a global connection to the banking financial system. The main shareholders are currently the founders and the start-up incubator F10.
Contact: Dr. Christian Wilk | Co-Founder & CEO Aequitec AG | Raise capital more easily Mob +41 78 649 4962 aequitec.ch