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ADDX bags $58M to reduce min. private investment by 10x via smart contracts

Published 05/24/2022, 05:00 AM
Updated 05/24/2022, 06:40 AM
ADDX bags $58M to reduce min. private investment by 10x via smart contracts
HLNE
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ADDX, a blockchain and smart contract-based digital securities platform from Singapore raised $58 million from mainstream financial institutions to fund its goal of reducing minimum private investment sizes via tokenization and fractionalization.

The Monetary Authority of Singapore regulates ADDX as a digital securities exchange that aims to democratize private markets. The Pre-Series B funding round saw participation from the Stock Exchange of Thailand (SET), UOB, Nasdaq-listed Hamilton Lane (NASDAQ:HLNE) and Thailand’s Krungsri Bank, which has brought total funds raised by ADDX to around $120 million.

Factors for increasing trust among Singaporean investors. Source: Independent Reserve

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