|
|
|
|
|
SINGAPORE, Aug 4, 2020 - (ACN Newswire) - ECXX Global Pte. Ltd. (ECXX), a pioneer in operating digital asset exchange using blockchain technology, is pleased to announce that it has secured admission by the Monetary Authority of Singapore (MAS) to the Fintech Sandbox Express as a Recognised Market Operator (RMO).*
With the approval, ECXX targets the launch of blockchain-based digital securities exchange platform ecxx.co, which offers various asset-based digital securities such as real estate, private equity, venture capital and investment funds to institutional and accredited non-individual investors.
These digital securities could represent a share in the ownership of a real estate, a share in the ownership of a company or participation in an investment fund, and can then be traded on a secondary market. Tokenisation of assets refers to the process of issuing a blockchain token (specifically, a security token) that digitally represents a real tradable asset (such as real estate) - in many ways similar to the traditional process of securitisation.
With its own in-house proprietary system, ECXX has been operating a digital asset exchange that allows both professional traders and retail investors to buy, sell and store digital assets. Its digital exchange platform is integrated with MyInfo, the one-stop Singapore government identity platform, which allows seamless Know-Your-Customer checks on members of MyInfo, who can log-in to ECXX's digital asset exchange using their SingPass.
ECXX has also applied for a license under the Payment Services Act and once approved, it will be the first exchange in Singapore to offer both digital payment tokens and digital securities under two different platforms.
Commenting on this milestone, Mr Branson Lee, Chief Executive Officer of ECXX, said: "There are a multitude of applications of blockchain technology within the financial industry, and the tokenisation of assets has the potential to fundamentally change how we invest in assets.
"With S$3.4 trillion of assets under management in Singapore, we aim to utilise the Recognised Market Sandbox admission to develop our securities exchange platform and create asset-based securitised tokens that can be regulated and traded, paving the way for mainstream adoption."
Led by an experienced management team well versed in digital assets and the blockchain ecosystem, ECXX has been backed by prominent venture capital firms CapitalX, Epsilon Investment, Ariki Asia and ChainUp. In June 2020, Hatten Land announced a proposed investment of US$6 million for a 20% equity stake in ECXX.
Issued on behalf of ECXX Global Pte. Ltd. by 8PR Asia Pte Ltd.
Media & Investor Contacts:
Mr. Alex TAN
Mobile: +65 9451 5252
Email: alex.tan@8prasia.com
*https://www.mas.gov.sg/development/fintech/sandbox-express
Topic: Press release summary
Source: ECXX Global Pte. Ltd.
Sectors: Exchanges & Software, Daily Finance, Real Estate & REIT, Crypto, Exchange, Blockchain Technology
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2026 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
Toyota, Volvo Group and Daimler Truck AG sign binding agreement for Toyota to join cellcentric as equal shareholder
Monday, July 27, 2026 11:39:00 PM
|
|
|
Pfizer and Eisai Commence Co-promotion of "NURTEC(R)" for the Acute Treatment and Prophylaxis (Preventive Treatment) of Migraine
Monday, July 27, 2026 10:50:00 PM
|
|
|
Launch of a proof-of-concept experiment for a next-generation distributed AI processing infrastructure aiming to realize the Watt-Bit vision
Monday, July 27, 2026 10:24:00 PM
|
|
|
Next-generation spectator experience at KYOJO CUP: AI selects and delivers "The moment you want to see" with ultra-low latency
Monday, July 27, 2026 9:40:00 PM
|
|
|
Sharp Acquires Vietnamese Corporation Engaged in Solar EPC And O&M Business as A Wholly Owned Subsidiary
Monday, July 27, 2026 9:02:00 PM
|
|
|
Collaboration Agreement announced by Sovereign Effects Partners to support GCAP
Monday, July 27, 2026 8:49:00 PM
|
|
|
GMG's G(R) LUBRICANT and THERMAL-XR(R) to be Distributed by Blackwoods in Australia
July 27, 2026 20:29 HKT/SGT
|
|
|
Chunghwa Telecom, Fujitsu and 1Finity to accelerate All-Photonics Network deployment and advance quantum technologies in Taiwan through strategic partnership
Monday, July 27, 2026 8:08:00 PM
|
|
|
AI-driven Demand Sustains Robust Growth of Hong Kong's June Exports
July 27, 2026 18:33 HKT/SGT
|
|
|
ATAL Wins the Theme Award of BDO ESG Awards 
July 27, 2026 11:58 HKT/SGT
|
|
|
|
|
More Press release >> |
|
 |
|
 |
|
