ADDX Set to Expand Private Market Exchange Platform to MENA Regionby Fintech News Singapore September 13, 2023
ADDX, a Singapore-based private market exchange platform, is planning to expand its operations to the Middle East and North Africa (MENA) region.
Through this expansion, ADDX will be able to expand access to capital for pre-IPO companies from financial institutions and investment funds locally and worldwide.
This could potentially result in new investment opportunities in high-growth companies across Asia while strengthening the economic link between Asia Pacific (APAC) and MENA economies.
ADDX is currently regulated by the Monetary Authority of Singapore for the issuance, custody and secondary trading of digital securities.
To date, ADDX has listed more than 80 deals on its platform and worked with blue-chip names such as Hamilton Lane, Partners Group, Investcorp, Singtel, UOB, CGS-CIMB, as well as Temasek-owned entities Mapletree, Azalea, SeaTown and Fullerton Fund Management.
Danny Toe, Founder and Group Chief Executive Officer of ADDX said,
“The ability to safely and securely open private markets to capital investment presents tremendous opportunities for governments and regulatory bodies to add to the financial infrastructure of the regions.
It offers the ability to strengthen the economic connection and flow of investment capital between key APAC and Middle Eastern markets while fostering the growth and expansion of strategically important MSMEs across the region.”