ADDX
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Singapore-based global private market exchange, ADDX, has announced the appointment of Mr Chew Sutat as its chairman. Mr Chew, a former senior managing director at the Singapore Exchange (SGX), brings with him extensive experience and expertise in the financial services industry. With his appointment, ADDX aims to solidify its position in the global private market…
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Singapore-based OCBC Bank has joined forces with global private market exchange ADDX to distribute its inaugural tokenized equity-linked structured note to accredited investors. This partnership marks a significant milestone for both entities, with OCBC Bank becoming the first Singaporean bank to list a product on ADDX’s platform, showcasing their commitment to expanding their investment product…
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Securities brokerage CGS-CIMB Singapore has switched on its connection to the private market exchange ADDX, giving all individual accredited investors on its platform access to ADDX’s offerings. Through the partnership, CGS-CIMB was able to expand its shelf of private market products considerably. The brokerage can now distribute to its high-net-worth clients a full suite of…
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Private market exchange ADDX has confirmed that it sold its stake in CYBAVOto US-based Circle Internet Financial Limited, a global financial technology firm and parent company of the issuer of USD Coin (USDC), as part of Circle’s acquisition of CYBAVO earlier this year. Taiwan-based CYBAVO is an infrastructure-as-a-service platform providing digital asset custody technology and…
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Asia’s largest private market exchange ADDX has launched a cash management tool that allows investors with excess funds in their wallets to earninterest, instead of letting their cash sit idle. Named ADDX Earn, the solution aims to withstand short-term volatility whilepreserving capital. Who is ADDX? ADDX is a full-service capital markets platform with Monetary Authority of Singapore (MAS) licenses for the issuance, custody and…
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Private market exchange ADDX has partnered with investment specialist Fullerton Fund Management Company Ltd (“Fullerton”) to list Fullerton’s private equity fund of funds on its digital platform. The Fullerton Optimised Alpha Fund is a closed-end fund targeting 8% to 12% in returns per annum over its fund life of seven years. The fund will be…
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Singtel, as part of its commitment to support sustainability and the digitalisationof the financial ecosystem, has announced the successful pricing of Singapore’s largest foreign currency digital bond. The US$100 million, five-year digital Sustainability-Linked Bond (SLB) is a partnership by Singtel’s wholly-ownedsubsidiary, Singtel Group Treasury (SGT), with UOB and ADDX. The digital SLB will be drawn down under SGT’s existing S$10 billion Euro Medium Term Note Programme, guaranteed by Singtel. The SLB will carry a…
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Wealth managers can now introduce more of their end-investors to the world of private investments through a newly-launched institutional service on digital securities exchange ADDX. Corporate treasuries and family offices can also take part in the space via a corporate service to diversify their portfolios through private marketproducts. Both services fall under a new product line for businesses, calledADDX Advantage. Among some of the first institutions to come on board as partners include StashAway, Southeast Asia’s fastest growing digital wealth manager, and CGS-CIMB,…
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Singapore Exchange-backed private market platform ADDX has announced that Oi-Yee Choo will be appointed its Chief Executive Officer, subject to the Monetary Authority of Singapore’s (MAS) approval. The ADDX platform was founded in 2017 and began full commercial operations in 2020 after becoming one of the first digital securities exchanges to graduate from the MAS Fintech Regulatory Sandbox. Leading the company into its next…
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Private market exchange ADDX has enabled rare fractional access to a private credit fund with more than US$1 billion in committed capital, reducing the fund’s minimum investment size for individual accredited investors from US$5 million to US$20,000. The move helps diversify the investor base of private credit funds, which have traditionally been designed to serve…
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