ADDX Partners Investcorp to Tokenise US Real Estate on the Blockchainby Fintech News Singapore August 19, 2021
Investment management firm Investcorp and Singaporean private capital exchange ADDX partnered to expand the use of digital securities in the private market space.
The first product that was offered under the partnership was a diversified portfolio of US residential properties from the Sunbelt Multifamily Portfolio that was launched by Investcorp in 2012.
Following the close of primary subscription, the fund was listed on the ADDX Exchange for secondary trading in July.
Investors on ADDX could take part in the fund with a minimum amount of US$20,000 which is lower than the US$500,000 typically required for private real estate funds.
The partnership will explore possible joint projects in areas such as private equity, real estate, credit management, absolute returns investments, strategic capital, and infrastructure.
Investcorp is expanding its Asia footprint, having invested about US$500 million in the continent over the past 18 months, in sectors such as technology, healthcare and consumer consumption.
The firm could potentially make more opportunities available on ADDX’s regulated digital securities platform, which currently serves accredited investors from 27 countries, spanning Asia Pacific, Europe, and the Americas.
Founded in 2017 as iSTOX, the exchange has rebranded itself as ADDX and is fully regulated by the Monetary Authority of Singapore.
Oi Yee Choo, Chief Commercial Officer of ADDX said,
“The beauty of this new partnership lies in the fact that Investcorp and ADDX are both experts in the private markets – and yet we do have different geographical and commercial focus areas. When we combine our strengths, there is a fresh dynamism – an exciting, invigorating prospect.”