According to ADDX, the platform effectively brings down private markets’ minimum investment threshold from $1 million to $10,000. In addition, as part of the investment, SET becomes entitled to appoint a board member for ADDX.
Moreover, ADDX intends to redirect some of the latest funding to other strategic initiatives, such as expanding the partnerships with issuers and supporting the launch of ADDX Advantage, a private market service for wealth managers. Existing shareholders of ADDX include SGX, Heliconia Capital, Development Bank of Japan, Japan Investment Corporation, Tokai Tokyo, Kiatnakin Phatra and Hanwha Asset Management.A survey conducted by Singapore’s first licensed crypto exchange Independent Reserve revealed tremendous investors’ support in the region, which might be key to mainstream adoption in the region.
ADDXco XMetaverse_ X-Metaverse is a blockchain game developed by Cocos3D and can run on Android, iOS and PC. All game content items and characters are based on blockchain tokens and NFTs. The visual effects and gameplay of X-Metaverse are inspired by StarCraft and Star Wars.