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MERRY CHRISTMAS & HAPPY NEW YEAR​

Leading fintech group SDAX Financial raises $24 million to accelerate growth with new strategic partners

Singapore, 21 December 2021 – SDAX Financial Pte Ltd (“SDAX Financial” or the “Group”) is pleased to announce it has raised $24 million in the first closing of its Series B funding round led by PSA International Pte Ltd (“PSA”) and The Straits Trading Company Limited (“Straits Trading”). Also participating in this round was New Horizon Global.

 

Tan Chong Huat, Chairman of SDAX Financial shared, “We are delighted to welcome PSA and Straits Trading as key partners into our digital financial services ecosystem. They are leaders in their respective fields and their collective expertise strengthens the Group’s twin engine focus of Environmental, Social, and Governance (“ESG”) solutions and real estate to deliver a compelling value proposition for our ecosystem stakeholders and investors. With the exponential pace of asset digitalisation, the Group is well positioned to reshape the capital markets to become the gateway to diverse digital assets and investments. The ability to access a large pool of ESG and real estate assets allows the Group to develop new innovative products to capture the fast-growing digital security token economy. We are excited with our new partners who believe in the long term, strategic vision of building a digital ecosystem aligned to the best interests of stakeholders and their success. But mostly importantly, each strategic investor will be uniquely contributing to shape the growth of the Group.”

 

Transforming supply chains through innovative digital ESG solutions

As a leading global port group and cargo solutions provider, PSA’s investment in SDAX Financial reflects its commitment to co-create and invest in ESG solutions for ports, supply chains and climate-conscious cargo owners. Through partnering industry and technology players, PSA is driving progress to transform and decarbonise global supply chains. From physical assets to digital solutions deployed across its logistics and supply chain, systems and tools, PSA is strategically prioritising supply chain transformation while driving sustainable value creation.

Tan Chong Meng, Group Chief Executive Officer of PSA International, said, “PSA believes that digital innovation and purposeful partnerships are key enablers towards co-creating the shift towards more sustainable world trade. Through collaborating with SDAX Financial’s integrated digital financial services platform, we believe we can further PSA’s sustainability initiatives for supply chain partners and cargo owners, and make a positive impact towards the decarbonisation of global supply chains, underpinned by clear market mechanisms.”

 

Strong real estate origination capabilities accentuated by entry of new strategic investors

The participation of Straits Trading, coupled with ARA Asset Management who had invested in an earlier round, further strengthens the real estate origination capabilities of the Group. With real estate a prime asset class for tokenisation owing to its familiarity among investors and its illiquid nature, the ability to harness a large pool of real estate assets enables the Group to facilitate fractional ownership without liquidation of the real estate asset and through the lowering of entry barriers for investors, real estate investments will be even more attractive to a broader spectrum of participants.

The new funding from this growing list of strategic partners bolsters SDAX Financial’s growth initiatives which includes roll-out of new product offerings and further development of its technology platform to enhance users’ experience. With the “go live” of its digital asset exchange on 6th December 2021, the Group has its inaugural listing of real estate security token successfully launched and listed on the exchange for secondary trading.

 

ABOUT SDAX FINANCIAL

SDAX Financial Pte Ltd (“SDAX Financial” or the “Group”) is committed to the vision of connecting people to opportunities through democratising financial access and creating aspirations in the new financial markets. The group aims to build a next-generation fintech platform enhancing efficiency, accessibility and equal opportunity to capital markets and offering best-in-class products in the form of asset-backed digital securities.

For more information, please visit www.sdaxfinancial.com

For media queries, please contact:

Andrea Lim
Manager, Communications and Partnerships
SDAX Financial
Mobile: +65 8200 4333
Email: andrea.lim@minterest.sg

This news is also available on Business Times.

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