CapBridge Platform has secured approval from the Monetary Authority of Singapore (MAS) to operate a private securities exchange as a Recognised Market Operator (RMO) in the country.
Known as 1exchange (1X), the private exchange structure is designed to accelerate liquidity for private companies before any exit event including mergers and IPO.
All companies which will be listed on 1X can continue to remain private and enjoy higher flexibility and control over operations compared to public listing.
CapBridge founder and CEO Johnson Chen said: “The CapBridge private capital platform has a track record of successfully helping global growth companies raise capital, and providing private investors access to such investment opportunities.
“With the RMO exchange license, we can now offer an even more integrated suite of private capital services to deserving companies seeking growth capital and sophisticated investors looking for alternative growth options.”
Through the new private securities exchange, the company aims to offer a swift capital raising opportunity for the companies.
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By GlobalDataPrivate operating companies requiring new capital, shareholder-backed companies seeking to monetise their stakes; family-owned businesses planning to increase shareholder base can benefit by getting listed to the exchange.
CapBridge is also working with global blockchain technology provider ConsenSys to build a fully-compliant private securities exchange developed on the public Ethereum blockchain.
The exchange will enable listing and trading of security tokens.