SDAX Gets Go-Ahead to Operate as Digital Asset Exchange From MAS

SDAX Gets Go-Ahead to Operate as Digital Asset Exchange From MAS

by September 10, 2021
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SDAX announced that it has obtained its Recognised Market Operator (RMO) license from the Monetary Authority of Singapore to operate a digital asset exchange.

Founded and headquartered in Singapore, SDAX is an institutional grade digital asset exchange.

It leverages blockchain technology to enable asset owners to unlock the value of their assets through tokenising and listing of asset-based digital securities, providing alternative fundraising and exit options.

As a secondary market trading platform, SDAX enhances efficiency, creates liquidity and offers greater access to previously out-of-reach alternative investment products for accredited and institutional investors.



The firm said that its first priority is to focus on the real estate market where it already has a live deal flow ready for security tokenisation.

SDAX is geared towards the launch of its first real estate token listing in 2021.

Additionally, the company will expand its regional footprint as well as its digital financial product offerings to include ETFs, equities, bonds, and derivatives in both the traditional and new economy asset classes.

In May 2021, SDAX entered into an agreement to merge with Minterest to create SDAX Financial, an integrated digital financial services platform.

This aims to cement the strategic intent and fuels the acceleration of the businesses combining both the capabilities and strengths to build a true digital asset ecosystem.

Khoo Boon Hui, Chairman of SDAX

Khoo Boon Hui

Khoo Boon Hui, Chairman of SDAX said,

“We believe SDAX is well positioned to open new possibilities for asset owners and investors in the fast-growing digital asset economy given the increasing demand for alternative investments.

 

We have trusted technology to tokenise almost any asset class, including both tangible and intangible assets and an efficient, reliable and secure platform to trade such digital assets with greater liquidity,”

 

Image credits: Edited from Unsplash

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