Singapore-based digital asset exchange SDAX has completed a $50 million B2 round led by Muscat Precious Metals Refining Company (MPMR) in Oman. Previously, SDAX completed a $18 million Series B round in 2021.
SDAX plans to use the funding to launch a digital asset exchange in Oman with the goal of expanding into Gulf and African markets. In addition, SDAX partnered with MPMR in April to launch a tokenized gold product based on medium-term loan notes and gold deposited at Le Freeport in Singapore.
Rachel Chia, CEO of SDAX, said the fundraising was a testament to the company's commitment to making institutional-grade private markets and alternative investments more accessible. At the same time, demand for tokenized gold is growing, and HSBC has launched similar products for institutional and retail clients.
Singapore digital asset exchange SDAX completes $50 million financing
2024-09-11 21:23:02
Singapore digital asset trading sdax complete oman muscat preciousdesk3cryptocurrencydesktopCrypto News
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
新加坡数字资产交易所SDAX完成5000万美元融资Next article：
BNB突破530美元
