ECXX Ties up With UOB Kay Hian to Offer Securitised Token Offeringsby Fintech News Singapore February 1, 2021
ECXX Global, a Singaporean asset-based digital securities exchange, announced that it has collaborated with regional brokerage UOB Kay Hian to bring in deep tech startups to their network and offer them the opportunity to list via Securitised Token Offerings (STOs) to raise growth capital.
Under this collaboration, both companies will facilitate tokenisation projects and tap on UOB Kay Hian’s pool of investors to market and distribute tokens to potential investors.
They will comply with regulations for token issuance and they will provide investor education and analysis on tokenisation and tokens investment.
ECXX had previously secured admission from the Monetary Authority of Singapore (MAS) to the Fintech Sandbox Express under a Recognised Market Operator (RMO) regime.
This led to ECXX being integrated into MyInfo which is the one-stop Singapore government identity platform.
Branson Lee, Chief Executive Officer of ECXX said,
“We are excited by the opportunities arising from this collaboration with UOB Kay Hian. They are one of the leading regional brokerage out there and we believe that we are able to address their large list of accredited investors who are interested in token investment.
In addition, the synergy from this collaboration will create more opportunities for investors to tap into digital assets and the blockchain space,”
Esmond Choo, Senior Executive Director of UOB Kay Hian said,
“The ECXX platform is designed to be very versatile and will serve the fast growing digital asset space. UOB Kay Hian is very happy to work with ECXX, a company which has a strong domain knowledge in STO offerings matched by a robust pipeline of rapid growth technology-based companies.
We believe that this collaboration will allow us to leverage our respective strengths to grow our presence the fintech sector.”