Singapore Exchange ADDX, based on blockchain technology, completes $20 million financing led by KB Securities

2022-11-16 21:12:11

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ChainCatcher news, according to Forbes, the Singapore Exchange ADDX, based on blockchain technology, has completed a $20 million financing round, led by the brokerage division of South Korea's KB Financial Group, KB Securities.

This round of financing is a continuation of the $58 million completed in May, with participants including UOB, Hamilton Lane, the Stock Exchange of Thailand, and the venture capital division of Bangkok Bank. The funds will be used to develop its recently launched institutional wealth management platform, and ADDX will also collaborate with KB Securities to expand its private investment services in Asia.

Previously, ADDX announced in June that it recognizes cryptocurrencies including Bitcoin, Ethereum, and USDC in its assessment of qualified investors. (source link)

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