July 10, 2019
Singapore — The first tradable private securities are now available on 1exchange (1X), which is ‘live’ on the public Ethereum network. Accredited investors can now access and track the new asset class of tradeable private equities securely through their digital wallets.
Based in the global financial hub of Singapore, 1X is licensed and regulated by the Monetary Authority of Singapore. The private exchange is the world’s first regulated private securities exchange built on a public blockchain. With 1X, companies have a secure option of listing private equities to access global liquidity. A private listing allows companies financial flexibility by listing a portion of their equity, without the high costs of conventional exits such as an IPO or M&A.
For investors, especially those with digital wallets already active on DLT exchanges, they can now access a highly-sought after and regulated asset class of tradeable private equities listed on 1X. Built on the public Ethereum mainnet, 1X taps on a global liquidity pool and offers investors opportunities to invest into high-growth companies via private equities.
The first listing on 1X is Aggregate Asset Management Pte Ltd, a boutique fund manager for Asian equities. Following the announcement that 1X would register and track investor shareholdings on public Ethereum using modified ERC20 tokens, AAM started their fundraise campaign on 4th May 2019 and raised their targeted amount of S$5.2M within a span of six weeks.
Joseph Lubin, founder of ConsenSys and co-creator of Ethereum said, “1X’s successful listing of its first batch of tradable private equities is a breakthrough step in realizing the vision of using public Ethereum as a global financial settlement layer. A borderless settlement layer is foundational to a more open world economy, and a more unified global financial system.”
“1X is one of several important projects that have recently demonstrated how traditional businesses and markets are crossing over to the use of decentralized protocol technology and thereby rethinking how better trust can be infused in the systems that serve their customers.” he continued.
Daren Frankel, Director for ConsenSys’ Singapore operation, commented, “The unique ability of blockchain to improve visibility and reduce friction whilst ensuring oversight is encapsulated in 1X. We are showing how harnessing public blockchains can be beneficial to financial markets, creating value for investors, issuers, and market regulators alike.”
Choo Haiping, CEO of 1X, shared, “With 1X, companies and investors can now access liquidity with ease and security. Tradeable private equities help diversify investment portfolios with their higher-than-market return potential and liquid nature. Companies pursuing a private listing on 1X are able to enjoy the best of both worlds – tapping into the lucrative private capital market while remaining private for optimal growth.” 1X is now helping more companies list and is exploring partnerships with other financial institutions and exchanges to increase access to a global liquidity pool.
Disclaimer: This is not an advertisement making an offer or calling attention to an offer or intended offer. 1exchange and CapBridge services are restricted to “institutional investors” and “accredited investors” (as defined in the Securities and Futures Act (Cap. 289) of Singapore).
CapBridge’s associate entity 1exchange (“1X”) is a regulated private securities exchange that provide investors with a unique trading platform to buy and sell private securities in a regulated, centralized and transparent manner. 1X provides an easier and more flexible way to unlock shareholder value and recycle capital for private companies. 1X is designed for private operating companies seeking capital, or preparing for liquidity events; late-state, venture-backed companies with shareholder and employees seeking to monetise their shareholdings; and family owned businesses seeking to diversify shareholder base or planning for management transitions. Our platform allows for professional investors and business owners to trade in and out of their positions. 1X has a Recognised Market Operator License and is regulated by the Monetary Authority of Singapore. Singapore Exchange (SGX) is a strategic partner and shareholder.
For more information on 1X, visit www.1x.exchange.
CapBridge operates a global investment syndication platform for private opportunities. The CapBridge co-investment syndication platform serves mid-to-late stage growth companies and the funds that focus on them. Our co-investment model is built with investors in mind. We first bring opportunities to lead investors, who leverage their specific industry knowledge to conduct due diligence, negotiate value adding investment structures, and manage their portfolio positions to the desired exit. We then open up the same opportunities to co-investors as they leverage on the lead investors’ expertise in specific industry fields and diligence work. Co-investors sign with the same terms as the lead investors and realize better risk-adjusted returns and a more likely exit. Companies benefit from working with lead investors who understand their sector well and can directly value- add, as well as broadening the shareholder base with co-investors who can add network connectivity and assist towards a more successful listing further down the road. The co-investment process is conducted electronically on our intelligent platform, which works ceaselessly to match deals with investors and facilitate the deal process. CapBridge has a Capital Markets Services License and is regulated by the Monetary Authority of Singapore. Singapore Exchange (SGX) is a strategic partner and shareholder.
For more information on the CapBridge co-investment platform, visit www.capbridge.sg.
ConsenSys is transforming our present digital architecture toward a more open, inclusive, and secure internet of value, commonly called Web3. With a more trustworthy internet architecture, we are helping individuals, enterprises, and governments unlock new business models and value, gain efficiencies through a shared IT infrastructure, and utilize cutting-edge cryptographic methods to safeguard private user data. We accomplish this through our unique global business developing the Ethereum blockchain, comprised of a venture fund and startup incubator, Enterprise Ethereum consulting arm, and educational academy.
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