The institutional grade digital asset exchange received a Recognised Market Operator (RMO) licence from the Monetary Authority of Singapore, the company announced this week.
Founded and headquartered in Singapore, the platform leverages blockchain technology to enable asset owners to unlock the value of their assets through tokenizing and listing of asset-based digital securities, providing alternative fundraising and exit options.
As a secondary market trading platform, it enhances efficiency, creates liquidity and offers greater access to previously out-of-reach alternative investment products for accredited and institutional investors.
SDAX will initially focus on the real estate market, as it has a live deal flow ready for security tokenisation. It also preparing to launch its first real estate token listing in 2021, the announcement said.
Regional Expansion
«Tokenisation is going to reform the financial industry as a key driver to drive new capital markets,» Raymond Poh, SDAX chief executive officer, said.
Going forward, Poh said SDAX 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.
