The two partners have agreed to drive the adoption of digital securities and build an ecosystem for digital exchanges that allows for interoperability to cross-list tokenized digital security offerings.
Singapore's InvestaX and U.K.-based Smartlands have signed a memorandum of understanding to grow their investor base and promote wider market understanding, according to an announcement this week.
«The convergence of DeFi + CeFi [decentralized finance and centralized finance] is in full swing, and the importance of having partners in different jurisdictions will allow for the global adoption of digital securities,» Julian Kwan, co-founder and CEO of InvestaX, said in a statement.
Multiple Synergies
Based in the U.K., Smartlands focuses on real estate, fundraising and collateralized loans. It was the first platform to tokenize real estate in the U.K. in 2019. The native cryptocurrency of the Smartlands ecosystem is the SLT token, and it runs on the Stellar open-source network.
Founded in 2015, InvestaX is an asset tokenization platform focused on real assets and other alternative asset classes. It has listed more than 28 private equity offerings that are jointly valued over $1 billion and had 16 successful exits to date.
InvestaX previously launched the first digital Spac and the recently concluded MAS proof-of-concept project for the tokenization of Singapore Variable Capital Company (Project e-VCC)
