Singapore, 10 September 2021 – Digiassets Exchange (Singapore) Pte Ltd (“SDAX”) today announced that it has obtained its Recognised Market Operator (“RMO”) licence from the Monetary Authority of Singapore to operate a digital asset exchange.

SDAX, founded and headquartered in Singapore, is an institutional grade digital asset exchange that leverages blockchain technology to enable asset owners to unlock the value of their assets through tokenising and listing of asset-based digital securities, providing alternative fundraising and exit options.

As a secondary market trading platform, SDAX enhances efficiency, creates liquidity and offers greater access to previously out-of-reach alternative investment products for accredited and institutional investors.

Mr Khoo Boon Hui, Chairman of SDAX, said, “With Singapore’s status as a trusted financial hub and her forward-looking policies and regulations, home-grown financial technology companies like SDAX have the edge to seize opportunities in the global digital asset economy.”

“We believe SDAX is well positioned to open new possibilities for asset owners and investors in the fast-growing digital asset economy given the increasing demand for alternative investments. We have trusted technology to tokenise almost any asset class, including both tangible and intangible assets and an efficient, reliable and secure platform to trade such digital assets with greater liquidity,” he added.

Mr Raymond Poh, Chief Executive Officer of SDAX, said, “We are very excited to be part of the new digital era and SDAX will be a catalyst to the assets digitisation market. Taking a thematic approach, our first priority is to focus on the real estate market where we have a live deal flow ready for security tokenisation. We are all geared towards the launch of SDAX’s first real estate token listing in 2021.”

“Tokenisation is going to reform the financial industry as a key driver to drive new capital markets. As part of the overall growth roadmap, 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,” he added.

Powered by robust blockchain technology, SDAX is a secure, scalable and efficient Exchange platform developed with the highest level of trust and compliance to offer full trading functionalities, faster settlement and lower transaction costs. In addition, the Exchange also boasts an ecosystem of institutional grade custody and integrated best-in-class know your customer, anti-money laundering, and counter-terrorism financing capabilities.

Founded and built by the RHT legal and professional services ecosystem, SDAX is led by seasoned industry experts with expertise in banking, capital markets, fintech and exchange technology. In May 2021, SDAX entered into an agreement to merge with Minterest to create SDAX Financial, an integrated digital financial services platform. This aims to cement the strategic intent and fuels the acceleration of the businesses combining both the capabilities and strengths to build a true digital asset ecosystem. The mission of the combined entity is to build a global fintech powerhouse enhancing efficiency, accessibility and equal opportunity to capital markets and alternative investments by leveraging on blockchain technology. The SDAX Exchange remains independently managed with oversight by its own Board of Directors supported by an esteemed panel of advisors.

RHTLaw Asia’s Financial Services (Regulatory) practice advised SDAX on its RMO licence application.

 

 

(L-R): SDAX Chief Financial Officer Yun Chee Keen, SGPMX Chief Executive Officer and Founder Victor Foo, SDAX Executive Director Jayaprakash Jagateesan and SDAX Deputy Chairman Tan Chong Huat

 

Singapore, 2 March 2021 – Digiassets Exchange (Singapore) Pte. Ltd. (“SDAX”) has entered into a Memorandum of Understanding (“MoU”) with Singapore Precious Metals Exchange Pte. Ltd. (“SGPMX”) to promote greater collaboration between both exchanges under a partnership framework that will deliver more choices and new investment opportunities for investors. 

SDAX Deputy Chairman, Mr Tan Chong Huat, said, “As a digital asset exchange, we are constantly exploring ways to open new possibilities beyond the offerings of traditional exchanges. SDAX will gradually expand to include new products and asset classes and our collaboration with SGPMX reflects our commitment to offer investment opportunities in precious metals and more.” 

Under the MoU, both SDAX and SGPMX will establish what is set to be Singapore’s first digital token for physical bullion trading. The token will be listed and traded on SDAX, which may enhance price discovery and access to physical bullion investment opportunities.

Furthermore, SGPMX will explore the development of indices tied to physical bullion products to be tokenised, listed and traded on SDAX’s exchange. 

The collaboration between both exchanges will also focus on enabling the use of fractionalised physical gold and silver for trade settlement on SDAX’s exchange.

SGPMX Chief Executive Officer and Founder, Mr Victor Foo, said, “The universal appeal of physical gold and silver as an asset and store of value complements the use of fiat currencies and cryptocurrencies for digital asset investors. The mutually beneficial partnership between SDAX and SGPMX will ensure individuals, traders and institutions on both platforms will have access to more choices to suit their needs.” 

The partnership will also see SDAX leveraging SGPMX’s secure storage and custody facilities at Le Freeport for the underlying physical assets of digital securities listed on SDAX’s platform. 

Following SDAX’s recent Approval-in-Principle from the Monetary Authority of Singapore for its Recognised Market Operator licence, the digital asset exchange has stepped up efforts to grow its ecosystem of partners, including deal originators, market makers and liquidity partners, to strengthen its offering for accredited and institutional investors from around the world. 

 

About SDAX 

Based in Singapore, SDAX is a regulated digital asset exchange which uses blockchain technology to simplify and speed up traditional exchange processes. SDAX enables the listing and trading of asset-backed securities with a platform tailored for global asset owners, accredited investors and institutional investors. 

SDAX unlocks access to unique investment opportunities and new sources of liquidity. Backed by a strong team with a proven track record, SDAX has a network of partners to deliver a seamless experience for issuers and investors on the platform. 

SDAX aims to be the platform of choice for accredited and institutional investors by maintaining the highest security, compliance, reliability and resiliency standards with longer trading hours and faster settlement. 

www.sdax.co

 

About SGPMX 

SGPMX provides its global members an environment to diversify and preserve their wealth into physical bullion. Headquartered out of the highly secure storage facility at Le Freeport Singapore, SGPMX’s members can monetise their bullion in storage via its peer-to-peer trading platform. 

SGPMX also provides a number of bespoke services including jewellery and bullion swaps, bullion transfers, secure logistics, and bullion collateralisation/loans via its lending partners. Over the last decade, SGPMX has built a robust and secure foundation where transaction execution is seamless, secure and private. 

www.sgpmx.com

 

 

(L-R Standing) Mr Raymond Poh, Mr John Lim, Chairman of SDAX Financial, Mr Tan Chong Huat, Chairman of RHT Fintech Holdings

(L-R Seated) Mr Ronnie Chia, Group CEO of SDAX Financial, Mr Jayaprakash Jagateesan, CEO of RHT Fintech Holdings

Singapore, 12 May 2021 – Digiassets Exchange (Singapore) Pte Ltd (“SDAX”) has entered into a definitive merger agreement with Minterest Holdings Pte Ltd (“MHPL”) to form SDAX Financial Pte Ltd (“SDAX Financial”).

SDAX Financial will combine the strengths of three operating entities, digital investment platform, Minterest Private Limited (“Minterest”), consumer financing platform, Minterest Money Pte Ltd (“Minterest Money”) and digital asset exchange, SDAX.

SDAX is a secure, scalable and efficient blockchain-powered technology platform that will deliver full trading functionalities and fast on-chain settlement with the highest level of trust and compliance. SDAX is backed by RHT Fintech Holdings Pte Ltd (“RHT Fintech Holdings”) and has been developed by leveraging the RHT network of legal and professional services.

Minterest is a leading digital investment platform that provides corporates with access to private capital markets. The award-winning platform leverages its deep sectoral experience and proprietary credit risk models to deliver risk-adjusted returns to its global investors. Investors are able to access alternative investment opportunities across various asset classes including institutional-grade real estate, and private corporate and consumer debt.

Backed by ARA Asset Management Limited (“ARA”) and Mr John Lim, MHPL Group has a proven track record with over S$190 million raised for corporates and consumers.

With the backing of its strategic partners and combined capabilities, SDAX Financial will build a global digital asset exchange ecosystem to serve the growing demand for alternative investments. The ecosystem will offer fully integrated solutions across deal origination, fundraising, digital securities offering and secondary trading.

Mr John Lim, Chairman of SDAX Financial, said, “We are able to deliver a winning global digital asset ecosystem through the merger by bringing together SDAX’s comprehensive and robust exchange technology capabilities with our well-established distribution network and deep expertise in deal origination.

“SDAX Financial will focus on expanding its product offering, pursuing strategic partnerships and adding talent to the team to grow its ecosystem,” he added.

Mr Khoo Boon Hui, Chairman of SDAX, said, “The combined capabilities of SDAX and Minterest create a holistic ecosystem that further strengthens its position to attract asset owners, accredited investors and institutional investors from around the world.”

Mr Tan Chong Huat, Chairman of RHT Fintech Holdings, said, “The future of finance is digital and blockchain technology has the potential to transform capital markets, opening new possibilities in capital raising, digital investment and exchange trading.”

SDAX Financial will be led by seasoned professionals with expertise in banking, capital markets, fintech and exchange technology.

SDAX will remain as an agnostic platform that is independently managed with oversight by an independent Board of Directors and supported by an esteemed panel of advisors chaired by Mr Mah Bow Tan.

Singapore’s position as a trusted financial hub with strong government support for fintech and blockchain technology is backed by a forward looking and comprehensive regulatory framework governing digital finance. These favourable factors will support SDAX Financial in building a trusted global digital asset exchange ecosystem.

Minterest holds a Capital Markets Service licence from the Monetary Authority of Singapore (“MAS”) to deal in capital market products and Minterest Money holds the licence to provide personal loans, while SDAX has received Approval-in-Principle from MAS to operate a digital asset exchange. The merger of SDAX and MHPL is subject to the approval of MAS and will constitute part of the review undertaken by MAS in SDAX’s application for recognition as a recognised market operator.

-End-

 

About Minterest

The Minterest Group is a Singapore-based online financial services solutions provider that connects borrowers with global investors. Established in 2016, it is a leading non-bank fintech group with dual licences in Singapore enabling the group to facilitate, by leveraging on technology, corporate loans through marketplace lending and personal loans at customised interest rates. It has a cumulative deal origination volume of S$190 million in Singapore.

Minterest is founded on the belief that everyone is entitled access to financial solutions to meet their corporate and individual requirements. Using the team’s deep financial experience and expertise, Minterest offers relevant financial and investment solutions to both borrowers and investors through the use of technology.

For more information, please visit www.minterest.sg

 

About SDAX

SDAX is a regulated digital asset exchange which uses blockchain technology to simplify and speed up traditional exchange processes. SDAX enables the listing and trading of asset-backed securities with a platform tailored for global asset owners, accredited investors and institutional investors.

SDAX unlocks access to unique investment opportunities and new sources of liquidity. Backed by a strong team with a proven track record, SDAX has a network of partners to deliver a seamless experience for issuers and investors on the platform.

SDAX aims to be the platform of choice for accredited and institutional investors by maintaining the highest security, compliance, reliability and resiliency standards with longer trading hours and faster settlement.

For more information, please visit www.sdax.co

 

For media enquiries, please contact:

 

Elliot Siow

Communications Manager

RHT Communications & Investor Relations Pte. Ltd.

+65 6381 6347

[email protected]

Stephanie Luo

General Counsel

Minterest Holdings Pte. Ltd.

+65 6386 8623

[email protected]

 

 

(L-R) SDAX Executive Director Jayaprakash Jagateesan, SDAX Chief Operating Officer Alphonsus Chia, SDAX Chairman Khoo Boon Hui, SDAX Chief Financial Officer Yun Chee Keen and SDAX Deputy Chairman Tan Chong Huat

 

Singapore, 1 Feb 2021 – Digiassets Exchange (Singapore) Pte. Ltd. (“SDAX”) has received an Approval-in-Principle (“AIP”) from the Monetary Authority of Singapore (“MAS”) to operate a digital asset exchange.

SDAX is an institutional grade digital asset trading platform which uses superior blockchain technology to simplify and speed up traditional exchange processes, opening new fundraising and investment opportunities.

Backed by a strong team with a proven track record, SDAX is guided by an experienced Board of Directors with the support of an Advisory Panel. The team behind SDAX has deep expertise and experience across regulatory, legal, capital markets, blockchain and exchange operations.

SDAX Chairman, Mr Khoo Boon Hui, said, “With the AIP from MAS, SDAX is now in a strong position to attract asset owners, accredited investors and institutional investors from around the world to our Singapore-based platform. SDAX will contribute to Singapore’s fintech sector by offering innovative solutions to raise funds and trade fractionalised and digitised assets like real estate.”

SDAX will serve a global market offering digitised debt, equity and hybrid instruments with high quality real estate as the underlying asset class.

SDAX Advisory Panel Chairman, Mr Mah Bow Tan, said, “Singapore is a globally trusted financial hub with strong government support for fintech and blockchain technology, backed by a forward looking and comprehensive regulatory framework to govern digital finance. These factors will give the global market significant confidence in home-grown digital asset exchanges like SDAX.”

Global investors will be required to meet the highest Know-Your-Customers (“KYC”) and Anti Money- Laundering (“AML”) standards to access SDAX’s 16-hour daily trading covering all major markets with T+0 settlement. Leveraging the Ethereum protocol with an integrated custody solution, SDAX offers easy, reliable and secure access to liquidity pools and new investment products.

SDAX is backed by RHT Group of Companies and has been developed by leveraging the RHT ecosystem of legal, fintech and professional services. RHTLaw Asia’s Financial Services (Regulatory) practice advised on SDAX’s RMO licence application while RHT Compliance Solutions is SDAX’s compliance partner.

Non-Executive Chairman of RHT Group of Companies and Non-Executive Deputy Chairman of SDAX, Mr Tan Chong Huat, said, “The synergies between SDAX and our network of RHT professionals have enabled us to obtain the AIP within good time as well as strengthen our pipeline of projects to be listed and traded on SDAX in 2021.”

“As an agnostic platform, SDAX can attract a wider net of investors from across all financial institutions to its exchange,” he added.

 

About SDAX

Based in Singapore, SDAX is a regulated digital asset exchange which uses blockchain technology to simplify and speed up traditional exchange processes. SDAX enables the listing and trading of asset- backed securities with a platform tailored for global asset owners, accredited investors and institutional investors.

SDAX unlocks access to unique investment opportunities and new sources of liquidity. Backed by a strong team with a proven track record, SDAX has network of partners to deliver a seamless experience for issuers and investors on the platform.

SDAX aims to be the platform of choice for accredited and institutional investors by maintaining the highest security, compliance, reliability and resiliency standards with longer trading hours and faster settlement.

www.sdax.co