ADDX

A newly-published report by global consulting firm BCG and ADDX, the digital exchange for private markets, forecasts that asset tokenization will expand into a $16.1 trillion business opportunity by 2030. This growth comes as the crypto winter is prompting capital to focus on more viable blockchain use cases.

Singapore-based private market exchange ADDX has launched a cash management tool that allows investors with excess funds in their wallets to earn interest, instead of letting their cash sit idle. Named ADDX Earn, the solution aims to withstand short-term volatility while preserving capital.

Helicap Investments has listed its flagship fund, Helicap Fund I, on the private market exchange ADDX to improve financial inclusion for underserved individuals as well as micro- to small- and medium-sized enterprises in Southeast Asia, and to empower partner institutions to transform the way consumers and SMEs access credit.

Singapore's private market exchange ADDX and China Construction Bank (Chongqing and Singapore branches) have entered a partnership to help domestic investors in China participate in the country’s official offshore investment scheme. The financial institutions announced on Thursday the signing of a memorandum of understanding (MOU) that paves the way for…

Private market exchange ADDX has become the first financial institution in Singapore to recognise cryptocurrency assets for the purpose of onboarding accredited investors.

Private market exchange ADDX said Wednesday it 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 percent to 12 percent in returns per annum over its fund life of seven years.

ADDX has enabled rare fractional access to a private credit fund with more than $1 billion in committed capital, reducing the fund’s minimum investment size for individual accredited investors from $5 million to $20,000.

Tokai Tokyo Financial Holdings and ADDX has announced a new partnership to offer fractional private market investment products to investors in Japan, after Tokai Tokyo secured a security tokens license from the Japanese regulator.

UOB was appointed as a joint lead manager for the S$675-million ($496.56 million) sustainability-linked bond issued by Sembcorp, through its wholly-owned subsidiary Sembcorp Financial Services. The bank partnered with ADDX to custodise and manage a S$50-million ($36.78 million) portion of the bond.

The EUR5.5 billion Global Value SICAV Fund is the first fund by a major PE firm to be tokenized anywhere in the world.