Today Singapore’s ADDX announced plans to expand into the Middle East and North Africa (MENA). The regulated tokenization platform and private exchange has raised US$140 million in venture capital, primarily from numerous major Asian financial institutions. These include the Singapore Exchange (SGX) and the Stock Exchange of Thailand (SET).
Its expansion into MENA aims to help pre-IPO companies leverage blockchain to raise funds.
“It offers the ability to strengthen the economic connection and flow of investment capital between key APAC and Middle Eastern markets while fostering the growth and expansion of strategically important MSMEs across the region,” said Danny Toe, founder and Group CEO of ADDX.
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