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ADDX USES BLOCKCHAIN TO TOKENIZE & FRACTIONALIZE PRIVATE MARKET

ADDX USES BLOCKCHAIN TO TOKENIZE & FRACTIONALIZE PRIVATE MARKET


ADDX, a blockchain platform and digital securities platform based on a smart contract from Singapore has raised $ 58 million from regular financial institutions to support its goal of reducing the minimum size of private investment through tokens and segmentation.


The Singapore Monetary Authority regulates ADDX as a digital bond exchange aimed at democratic private markets. The Pre-Series B funding cycle saw the participation of the Thai Stock Exchange (SET), UOB, Hamilton Lane on the Nasdaq list and the Krungsri Bank of Thailand, which brought the total amount of money raised by -ADDX amounted to about $ 120 million.


As stated in the announcement, ADDX uses blockchain technology and smart contracts to generate tokens and separate private markets, including pre-IPO equity, private equity, and hedge funds and bonds. ADDX can reduce the minimum investment size for that private investment by using tokens.


According to ADDX, the platform has successfully reduced its investment in the private sector from $ 1 million to $ 10,000. In addition, as part of the investment, SET reserves the right to appoint an ADDX board member.


In addition, ADDX aims to redirect one of the latest support to other strategic programs, such as increasing stakeholder relationships and supporting the launch of ADDX Advantage, an independent market service for asset managers.


Existing ADDX shareholders include SGX, Heliconia Capital, Japan Development Bank, Japan Investment Corporation, Tokai Tokyo, Kiatnakin Phatra and Hanwha Asset Management.


A survey conducted by the first Singapore-licensed crypto exchange company Independent Reserve revealed the region's impressive investment support, which could be key to the general adoption of children in the region.

Source: cointelegraphy




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