Technology

Citi and SDX Join Forces to Unlock Access to Tokenized Private Market Assets for Global Issuers and Investors

Published

12 months ago

May 7, 2025

Citi will join SDX as a custodian and tokenization agent as both parties work together to unveil an industry-first solution in the third quarter of 2025

SINGAPORE, May 7, 2025 /PRNewswire/ — Citi and SDX today announced their collaboration at the Point Zero Forum in Switzerland that addresses challenges associated with traditional private markets for global issuers and investors. Citi will be tokenizing, settling and safekeeping assets on SDX’s digital Central Securities Depositary (CSD) platform and will bring late-stage pre-IPO equities to institutional and eligible investors on the SDX platform.

Expected to be live by the third quarter of 2025, Citi and SDX are developing a scalable solution that will make shares in high-growth, venture-backed private companies much more accessible to investors. For issuers, it will present a novel and compliant model to simplify liquidity management for early investors and employees while enabling cap table control.

The collaboration leverages Citi’s expertise in securities services and private market investments, and SDX’s regulated infrastructure for digital securities.

David Newns, Head of SDX, said, “We are excited to welcome Citi to the SDX platform and together deliver this landmark project in the tokenization of private shares. This initiative will distinguish itself in the industry by using SDX’s regulated blockchain based technology to enable the efficient distribution of shares in mature international private companies, which are expected to generate strong investor interest.”

Marni McManus, Citi Country Officer & Head of Banking for Switzerland, Monaco & Liechtenstein, said, “Switzerland’s regulatory framework and SDX’s infrastructure allows Citi to bring a new solution to market using technology to solve for challenges in private markets for issuers and investors. Private markets is a major and growing opportunity and our work with SDX promises to simplify and digitize what is essentially a manual and paper-driven industry today.”

Ryan Marsh, Head of Innovation & Strategic Partnerships, Investor Services and Issuer Services at Citi, said, “As a digital custodian and tokenization agent on the SDX platform, Citi will support its global investor and issuer clients with end-to-end servicing of tokenized assets. As tokenization scales, we are meeting client demand for access to emerging and relevant digital asset ecosystems and investments. Working with SDX, we are also advancing our innovation agenda to open new frontiers to benefit our clients.”

The collaboration between Citi and SDX further supports the development of the Swiss digital asset ecosystem and its connectivity with key global markets worldwide. Global digital asset banking group, Sygnum, and Singapore-based financial institution, SBI Digital Markets, will facilitate access to the pre-IPO equities that Citi will bring onto the SDX platform to their clients in Europe and Asia, respectively.

About SDX
SDX Group AG (SDX) and its subsidiaries operate financial market infrastructures (FMIs) for the issuance, trading, settlement, and custody of digital assets, licensed by FINMA, Switzerland’s financial market regulator. SDX operates a stock exchange through SDX Trading AG and SIX Digital Exchange AG, Switzerland’s first and only Central Securities Depository (CSD) on DLT. SDX Web3 AG is also part of the Group and offers institutional-grade crypto asset custody and staking solutions. As part of SIX Group, SDX is subject to the Group’s high quality and security standards covered under Swiss law. SDX is headquartered in Zurich, Switzerland.

https://www.sdx.com/

About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

About the Point Zero Forum Jointly hosted by Global Finance & Technology Network (GFTN) with the Swiss State Secretariat for International Finance (SIF) annually in Zurich, what sets the Point Zero Forum apart is its focus on action-oriented outcomes: it moves beyond discussion to catalyse pilots, shape policy frameworks, and enable cross-border collaborations in areas such as digital money, asset tokenisation, artificial intelligence and green finance infrastructure. The fourth edition of the Forum convenes a curated community of global decision-makers to build trust in frontier innovation, co-design next-generation financial architecture, and align on regulatory pathways that are both robust and enabling.

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SOURCE Citi

Technology

1-800Accountant Launches Tax Savings Services Designed for 1099 Workers

Published

25 minutes ago

April 22, 2026

New offering helps independent contractors structure their business to reduce their tax burden from day one

NEW YORK, April 22, 2026 /PRNewswire/ — 1-800Accountant, the nation’s leading virtual accounting firm for small businesses, announced the launch of a new service offering built specifically for 1099 workers and independent contractors. The service helps freelancers and self-employed professionals work with an accountant to select the right business setup for their income, with a focus on reducing taxes from the start.

Growth Is Outpacing Tax Readiness

Independent contractor work has grown significantly in recent years. 1-800Accountant’s client data shows sharp year-over-year growth across contractor-heavy industries, with Consulting up 17%, Construction up 10%, and Service-sector clients growing more than 200% compared to 2024. Despite this growth, many contractors continue to overpay their taxes because they operate without a formal business structure in place or the right tax election.

The gap is particularly visible in industries like Healthcare, Engineering, and Legal, where LLC adoption among 1-800Accountant clients sits at 81%, 72%, and 71%, respectively, well below the 90%-plus rates seen in higher-adoption industries like Construction and Real Estate. 1-800Accountant’s new business tax optimization service closes that gap by matching contractors with the right business type while ensuring their business is set up correctly before they file their first return.

“Independent contractors continue to be one of the fastest-growing segments of the American workforce, and they are also among the most underserved when it comes to strategic tax planning,” said Mike Savage, Founder and CEO of 1-800Accountant. “That lack of planning means that most 1099 workers don’t realize how much they’re leaving on the table. This service changes that. We’re giving contractors access to the same strategic advantages that established businesses have, ensuring the right business setup from the beginning.”

Tax Strategy Built In from Day One

These services walk clients through a structured process that includes accountant-recommended business types, registering with the appropriate state agencies, and coordinating with an accountant to ensure alignment between the structure and the client’s specific tax situation. 1-800Accountant integrates business setup for 1099 earners into a broader tax strategy tailored around each contractor’s income level, filing status, and long-term goals.

“What sets us apart is the tax strategy layer,” said Ryan Teeples, Chief of Strategy at 1-800Accountant. “What contractors and gig workers actually need are professionals to help them understand which tax setup makes the most sense for their income, their industry, and where they want their business to go. Then, we do the work to save on both their business and personal taxes. That’s what we’re delivering here.”

The service is available now to new and existing 1-800Accountant clients. Pricing starts at $19 per month (plus any government filing fees) and includes business setup evaluation, tax return preparation and filing, state registration, federal registration, simple-to-use AI bookkeeping software, and a consultation with a tax expert for onboarding and explanation of their individual tax situation.

About 1-800Accountant

1-800Accountant is the nation’s leading virtual accounting firm for small businesses and independent contractors. With a team of credentialed accountants and tax professionals, 1-800Accountant provides bookkeeping, tax preparation, tax planning, and advisory services to clients across all 50 states. The firm is committed to making professional accounting accessible and affordable for business owners at every stage.

Contact: Wyatt Johnson
Content Manager, 1-800Accountant
920-807-9159 | media@1800accountant.com

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SOURCE 1-800Accountant

Technology

9fin launches in APAC to expand global credit coverage

Published

25 minutes ago

April 22, 2026

With APAC playing a bigger role in increasingly complex global credit markets, 9fin brings the news, data and AI tools professionals need to navigate volatility

HONG KONG, April 22, 2026 /PRNewswire/ — 9fin, the AI-native information platform for global debt markets, has formally launched in the Asia Pacific region, giving credit professionals access to cutting-edge news, data and analysis across private and public bonds and loans.

As the 9fin team continues to grow quickly across APAC from its initial base in Hong Kong, it is supporting firms locally by providing proprietary credit intelligence, comprehensive data, and AI-powered workflow tools, all within one unified platform.

The launch comes as the tussle between public and private markets intensifies in APAC, making it more important than ever for banks, asset managers, advisors, and law firms to have visibility across the full credit landscape. While bond issuance has dropped amid geopolitical disruption, private credit activity remains robust as borrowers seek alternative financing options.

By combining deal intelligence from local sources with its extensive global credit database and AI tools, the 9fin platform gives users a comprehensive view across fragmented markets. The APAC platform includes coverage of more than 1,800 issuers and 16,000 instruments, with issuance history dating back to 2003 following 9fin’s acquisition of Bond Radar, in March 2025.

9fin is already used by more than 300 institutions globally, including KKR, Apollo, BNP Paribas, and Kirkland & Ellis. The company’s APAC buildout — supported by its $170 million Series C fundraise in March 2026 — marks the next phase of its global expansion.

Steven Hunter, CEO and co-founder at 9fin, commented: “APAC is a complex region and is becoming even more so as private markets expand and geopolitical volatility increases. The region needs a faster, smarter platform covering the full picture across bonds, loans, private credit and distressed. That’s exactly what 9fin provides. With our full platform now live in APAC, we’re giving our users the clarity to make informed decisions, faster.”

9fin’s APAC launch follows its expansion across the US, Europe, and Latin America, with CEEMEA to follow.

About 9fin

9fin is the AI-native platform for global debt markets. Founded by former J.P. Morgan banker Steven Hunter and Deutsche Bank engineer Hussam EL-Sheikh, the company combines data, analytics, and AI-powered workflows in a single platform, helping clients work smarter and faster to outperform their peers.

The company is headquartered in London, with offices in New York, Hong Kong, and Belfast and with teams across Latin America and Asia. For more information, visit 9fin.com.

Media contacts
Jessica Simpkin
jessica.simpkin@9fin.com
Shree Dhond/Katie Nerantzis
Dukas Linden Public Relations | 9fin@dlpr.com

Logo – https://mma.prnewswire.com/media/1436759/5932218/9fin_Logo.jpg

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Technology

Trimble First Quarter Earnings Call and Webcast

Published

25 minutes ago

April 22, 2026

WESTMINSTER, Colo., April 22, 2026 /PRNewswire/ — Trimble (Nasdaq: TRMB) will hold a conference call on Wednesday, May 6, 2026 at 8 a.m. ET to review its first quarter 2026 results. The call will be broadcast live on the web at https://events.q4inc.com/attendee/544327873. Analysts who wish to dial into the call may do so by first registering at https://events.q4inc.com/analyst/544327873?pwd=s5ilhwSm. Upon registration, dial-in details will be sent via email to the registrant.

About Trimble

Trimble is a global technology company that connects the physical and digital worlds, transforming the ways work gets done. With relentless innovation in precise positioning, modeling and data analytics, Trimble enables essential industries including construction, geospatial and transportation. Whether it is helping customers build and maintain infrastructure, design and construct buildings, optimize global supply chains or map the world, Trimble is at the forefront, driving productivity and progress. For more information about Trimble (Nasdaq: TRMB), visit: www.trimble.com.

FTRMB

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SOURCE Trimble