ADDX (previously known as iSTOX), founded in 2017, is a full-service capital market platform regulated by the Monetary Authority of Singapore (MAS) for the issuance, custody and secondary trading of digital securities.
Backed by the Singapore Exchange (SGX), Temasek Holdings subsidiary Heliconia Capital, the venture capital arm of Japan Investment Corporation (JIC) and the Development Bank of Japan (DBJ), ADDX has built a leading digital securities exchange, with the aim of democratising the private capital markets, putting previously out-of-reach investments in the hands of underserved investors.
Using blockchain and smart contract technology, ADDX automates manual processes in the life cycle of securities across multiple asset classes, such as PE funds, pre-IPO equity, hedge funds, and wholesale bonds.
ADDX Chief Commercial Officer Choo explains how tokenisation is transforming private market investing, and how more individual investors are getting access to private offerings at fractional sizes.
She also talks about:
- The reason behind the rebranding exercise and gives a detailed explanation into what are digital securities
- Why digital securities are important and and the regulatory framework in Singapore
- The problem they are trying to solve and the impact on the capital markets in the coming years
- Temasek Holdings outgoing chief Ho Ching calls on businesses to widen investment opportunities for retail investors, to help them prepare for retirement, and how it ties in with the company’s mission
- On whether there are plans to open up services to retail investors
- On how has the pandemic impacted ADDX’s journey as a startup
- The Series A round ofUS$50 million raised earlier this year, who their key investors and how the funding has been deployed.
- The funding plan for ADDX moving forward, the exit strategy for the investors and whether an IPO or a SPAC are on the cards
- The company’s growth strategy
Guest: Choo Oi Yee, Chief Commercial Officer at ADDX (formerly iSTOX)
Host: Brian Fernandez
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