Company Overview
ADDX Pte. Ltd. is an innovative financial technology company based in Singapore, dedicated to democratizing access to private capital markets. It achieves this by offering a regulated, transparent, and community-driven investment platform that facilitates investment opportunities across private equity, hedge funds, real estate, and digital securities. As a Capital Markets Services provider licensed by the Monetary Authority of Singapore, ADDX is recognized as a trusted Recognised Market Operator, ensuring compliance and security for its investors.
Leadership and Key Figures
The leadership team of ADDX is comprised of industry veterans who drive the company's strategy and growth:
- Danny Toe: Founder and Group Chief Executive Officer, pivotal in leading strategic initiatives.
- Inmoo Hwang: Co-Founder, Group Managing Director, and Chief Financial Officer, key in expanding market reach and securing investments.
- Chua Kim Leng: Board Member, brings extensive experience from the Monetary Authority of Singapore.
- Elaine Teo: Director, offers deep insights into international financial markets.
Technological Innovation
ADDX distinguishes itself through the use of blockchain and smart contract technology to revolutionize asset trading. By tokenizing and fractionalizing assets, ADDX broadens access to private markets and lowers investment minimums, enabling a larger number of investors to participate in private market activities.
Strategic Milestones
ADDX's milestones signify its pioneering role in financial technologies:
- 2022: Allowed cryptocurrency for accrediting investors and launched ADDX Advantage to empower wealth managers.
- 2021: Introduced the first Private Credit fund listing and integrated tokenized debt offerings to reduce investment barriers.
- 2020: Released the world's first Unicorn fund in digital securities, raising nearly USD 20 million.
- 2019: Executed the first digital bond listing on a regulated blockchain-based exchange.
Recent Developments and Funding
ADDX has achieved significant financial growth with total capital raised reaching USD 160 million, secured from key investors like Hamilton Lane, Krungsri Finnovate, and the Singapore Exchange. A major development includes executing a USD 100 million Singtel Digital Sustainability-linked Bond, which underscores its operational capacity in substantial financial dealings.
Market Activities and Collaborations
Strategic partnerships bolster ADDX's market activities, notably the collaboration with Schroders to distribute semi-liquid global private equity strategies. This aligns with its mission to widen global financial market access and expand into emerging markets like the Middle East.
Competitor Analysis
ADDX operates in a competitive landscape comprising:
1. Moonfare: Known for digital access to private equity investments.
2. Hg Exchange: Facilitates trading of fractional shares in pre-IPO companies.
3. InvestaX: Provides digital securities backed by real assets in a blockchain-enabled environment.
4. Hashdex: Serves the crypto asset management sector.
5. Alta: Offers cross-border private market trading opportunities.
6. Allocate and Halo: Expand private market investment solutions.
Strategic Initiatives
ADDX is working on expanding into the MENA region, promoting capital flow between Asia-Pacific and Middle East-North Africa as part of its geographical diversification efforts. Innovations in tokenized financial instruments, such as a Fixed Income Marketplace, reflect its commitment to evolving product offerings.
Contact Information
- Phone: (+65) 6856 3500
- Email: team@addx.co
- Address: 8 Kallang Avenue, Aperia Tower One, #13-01/04, Singapore 339509
ADDX continues to build its presence in the investment landscape by enhancing capital market efficiency and ensuring security and compliance through groundbreaking technological and strategic initiatives.
