Securities brokerage CGS-CIMB Singapore’s individual accredited investors will now have access to private market exchange ADDX’s offerings.
These offerings include private equity, private credit, venture capital, hedge funds, real estate, fixed-income products like bonds and commercial papers, as well as structured products.
CGS-CIMB was more focused on the public markets prior to this partnership which is part of a new service called ADDX Advantage.
ADDX Advantage was rolled out earlier this year to serve wealth managers, which includes private banks, brokerages and external asset managers.
Wealth managers using the service get an instant plug-in to ADDX, which has listed more than 50 deals to date.
At the launch of ADDX Advantage in April 2022, CGS-CIMB was among the first to sign up for the service.
By end-2023, ADDX said that it aims to onboard as many as 10 wealth managers.
Elgin Ting, Managing Director and Group Head, Strategic Innovation at CGS-CIMB said,
“Through our partnership with ADDX, CGS-CIMB’s high-net-worth investors now have access to private markets and opportunities that were historically accessible only to institutional players.
We are excited to see the technology and innovation ADDX is bringing to the financial markets and look forward to working with them.”
Oi-Yee Choo, CEO of ADDX said,
“CGS-CIMB is a leading brokerage and financial services provider in Asia, and for them to have given their high-net-worth clients access to ADDX represents a strong endorsement.
Since the partnership went live, CGS-CIMB clients have contributed as much as 30% of investment volume for new fixed income issuances.”
- ant financial
- blockchain conference fintech
- CGS-CIMB Singapore
- chime fintech
- crypto conference fintech
- fintech app
- fintech innovation
- Fintechnews Singapore
- plato ai
- Plato Data Intelligence
- square fintech
- tencent fintech