ADDX is a Singapore-based technical stock exchange platform that announced a $58M pre-Series B round of funding this morning (May 24) featuring investors: SET Venture Holding, a subsidiary of the Thai Stock Exchange (SET), UOB, Hamilton Lane (NASDAQ: HLNE) and Krungsri Finovate, the venture capital arm of Krungsri (Ayudhya PCL Bank).
These new investors join existing investors including the Singapore Exchange (SGX), Heliconia Capital, Development Bank of Japan (DBJ), Japan Investment Corporation – Venture Capital (JIC-VGI), Tokai Tokyo Financial Holdings, Kiatnakin Phatra Financial Group and Hanwha Asset Management.
The money raised will be used to grow the company, expand its size and strengthen its position as the largest private exchange in Asia.
ADDX has a number of initiatives along the way, including some aimed at bridging the gap between traditional financial investors and digital asset investors.
ADDX is regulated by the Monetary Authority of Singapore (MAS) as a digital stock exchange. ADDX uses blockchain technology and smart contracts to split and divide investment opportunities into private markets, from pre-IPO equities, private equity and hedge funds, as well as bonds, reducing the minimum investment size from US $1 million to US $10,000.
The total capital mobilized by ADDX to date is $120M.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews