1exchange Receives Regulatory Approval from Singapore's MAS

by Celeste Skinner
  • The Recognised Market Operator licence for the securities exchange is effective from November 21, 2018.
1exchange Receives Regulatory Approval from Singapore's MAS
Bloomberg

CapBridge Pte. Ltd., a global private capital platform, announced today that its associated entity, CapBridge Platform Pte. Ltd., has received approval from the Monetary Authority of Singapore (MAS) to operate a securities Exchange - 1exchange - as a Recognised Market Operator (RMO) in the country.

According to the statement released today, the RMO licence for 1exchange is effective from November 21, 2018. 1exchange is a regulated securities exchange, where investors can buy and sell private securities.

Johnson Chen, the founder and CEO of CapBridge

Johnson Chen
Source: CAPBRIDGE

Commenting on the license, Johnson Chen, the founder, and CEO of CapBridge 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.”

1exchange Aims to Accelerate Liquidity for Private Companies

The 1exchange is designed to accelerate liquidity for private companies just before an exit event, such as an initial public offering (IPO) or merger/acquisition situations, to name a few. When listing on the exchange, companies remain private.

The 1exchange aims to give companies in a period of growth a private capital raising environment. These include private operating companies seeking capital or preparing for liquidity events, venture-backed companies with shareholders looking to monetize their shareholdings and more.

“Our holistic approach will enhance capital flow for growth companies and improve liquidity options for private investors, benefiting the wider capital market ecosystem in the process,” Chen added.

“We have been in close consultation with the MAS and deeply appreciate their support of our goal to contribute to a more vibrant Singapore private capital environment; as a fully-compliant and secure exchange platform, we will continue to work closely with MAS to uplift the capital ecosystem.”

CapBridge Pte. Ltd., a global private capital platform, announced today that its associated entity, CapBridge Platform Pte. Ltd., has received approval from the Monetary Authority of Singapore (MAS) to operate a securities Exchange - 1exchange - as a Recognised Market Operator (RMO) in the country.

According to the statement released today, the RMO licence for 1exchange is effective from November 21, 2018. 1exchange is a regulated securities exchange, where investors can buy and sell private securities.

Johnson Chen, the founder and CEO of CapBridge

Johnson Chen
Source: CAPBRIDGE

Commenting on the license, Johnson Chen, the founder, and CEO of CapBridge 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.”

1exchange Aims to Accelerate Liquidity for Private Companies

The 1exchange is designed to accelerate liquidity for private companies just before an exit event, such as an initial public offering (IPO) or merger/acquisition situations, to name a few. When listing on the exchange, companies remain private.

The 1exchange aims to give companies in a period of growth a private capital raising environment. These include private operating companies seeking capital or preparing for liquidity events, venture-backed companies with shareholders looking to monetize their shareholdings and more.

“Our holistic approach will enhance capital flow for growth companies and improve liquidity options for private investors, benefiting the wider capital market ecosystem in the process,” Chen added.

“We have been in close consultation with the MAS and deeply appreciate their support of our goal to contribute to a more vibrant Singapore private capital environment; as a fully-compliant and secure exchange platform, we will continue to work closely with MAS to uplift the capital ecosystem.”

About the Author: Celeste Skinner
Celeste Skinner
  • 2872 Articles
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About the Author: Celeste Skinner
  • 2872 Articles
  • 25 Followers

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