Singapore-headquartered private market exchange ADDX announced that it is seeking expansion into the Middle East.
ADDX is looking to extend its platform into the Gulf Cooperation Council (GCC) as well as the Middle East and North Africa (MENA) markets, according to a statement.
The firm entry's into the region will «expand access to strategic growth capital for pre-IPO companies not only from local market financial institutions and investment funds but also from funds across Asia and key financial markets worldwide». The firm is also seeking potential partners locally.
APAC Approach
Established in 2017, ADDX is a Singapore-based exchange focused on the issuance, custody and secondary trading of digital securities. The asset classes covered include private equity, hedge funds, venture capital, private credit, real estate, debt and structured products. So far, it has raised $140 million from major institutions including the Singapore Exchange, the Stock Exchange of Thailand, UOB and more.
«The rise of blockchain-powered platforms has changed the game and transformed how investors view private market investing. Our next step is to replicate in MENA the approach we have taken in Asia Pacific,» said head of business development Manuel Jaeger.
