The exchange plans to list and trade tokens backed by green infrastructure, real estate, equity, art, bitcoin and ethereum, by the second half of this year.
Cyberdyne Tech Exchange (CTX) has announced that it will launch the world’s first regulated digital exchange to be powered by Nasdaq technologies for asset-backed tokens, focusing on green financing.
The exchange is being launched with a $15 million investment from Asia Green Fund (AGF), one of Asia’s first impact private equity funds with over $2 billion in assets under management.
Cofounders Gabriel Wong was an investment banker at Citigroup Global Markets in New York and is a qualified attorney licensed in New York and Singapore, while Lily Hong is the founder and CEO of a data security technology service provider for industrial IoT applications, of which Tencent is the largest institutional investor.
Driving Force
In the announcement, CTX said there is «exciting potential» in the issuing and trading of tokens of green assets, particularly as demand for green assets will surge in the coming years as countries pursue initiatives to meet their carbon neutrality commitments.
«We are convinced that the future of exchanges is digital and green, and we want CTX to be the driving force for green financing,» Bai Bo, CTX executive chairman and co-founder, said in an announcement on Wednesday.
Bai, a former investment banker at Goldman Sachs in New York and a partner and managing director of Warburg Pincus, is also the chairman of AGF.
Listing Standards
CTX will be the first exchange to require carbon emission disclosures for all assets traded on its system, allowing both issuers and investors to track the carbon footprint of their assets.
Founded in 2018, CTX received a Capital Market Services license from the Monetary Authority of Singapore in May 2021. It was also granted approval-in-principle for a Recognised Market Operator license in December 2020, as well an exempt Payment Service Act licence.
