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May 31, 2022
by Usha Yadav
Asia's First Secondary Market for Private Crypto Equity Assets to Launch By First Digital
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According to a news statement, the Hong Kong-based public trust business announced a US$20 million investment round on Tuesday to develop a secondary market for private equity and digital assets. According to the press release, the round was funded by Nogle, a venture for empowering companies, and Kenetic Capital, a Blockchain Technology venture. The money will go toward First Digital's expansion in Singapore, the United Kingdom, and Canada.
According to the press release, the market will allow clients to publish assets and accept bids, assist in the acquisition and liquidation of private shares and custodial infrastructure, and give newcomers access to private firms' initial release rounds.
According to Vincent Chok, CEO of First Digital Trust, the company's objective is "to help enterprises, hedge funds, and institutions integrate Web3 assets effortlessly, safely, and compliantly by offering crucial updates to open financial infrastructure."
Available finance is a data-sharing approach that allows consumers to contribute their financial information to access new financial solutions.
Singapore Wants to Give Cryptocurrency Some Adult Supervision
Singapore is attempting to promote itself as a "responsible crypto hub" to strike a compromise between attracting cryptocurrency companies to the city-state while also not being perceived as careless in following global anti-money laundering regulations.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.