Hg Exchange aims to be Southeast Asia's first member-driven exchange
3 Things You Should Know About Hg Exchange
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Hg Exchange aims to be Southeast Asia's first member-driven exchange
Hg Exchange is a joint venture with Singapore-based private investment platform Fundnel and digital asset exchange platform, MaiCoin. With the aim of becoming Southeast Asia's first member-driven exchange, Hg Exchange counts Fundnel, PrimePartners, and PhillipCapital as its founding members. Through them, the platform offers accredited and institutional investors investment opportunities in equity of private companies, including unicorns, decacorns and high-growth private companies such as Grab, Go-Jek, and SpaceX.
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Hg Exchange will make equities trading more efficient and transparent
Hg Exchange is Zilliqa's first enterprise-ready project to use smart contracts to represent digital assets. Through Hg Exchange, we hope to demonstrate how financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable equities trading to be more efficient and transparent.
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Hg Exchange is expected to go live by Q1 2020
In January 2019, an application was submitted to the Monetary Authority of Singapore's (MAS) Fintech Regulatory Sandbox. Hg Exchange expects to be operational by Q1 2020 after obtaining the necessary approvals.
It takes three to tango
The first 3 members post-launch will be Phillip Securities, PrimePartners, and Fundnel. All three have signed a memorandum of intent with
Hg Exchange.
Hg Exchange and Zilliqa in the news
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© 2020 Zilliqa Research Pte. Ltd.
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© 2020 Zilliqa Research Pte. Ltd.