1Excahnge (1X), an entity of CapBridge- a global private capital platform made an announcement earlier today that it the firm has received the licensing to operate a securities exchange from the Monetary Authority of Singapore.
CapBridge along with ConsenSys have been working together for the development of a securities exchange based on the Ethereum Blockchain that is fully compliant. The exchange will allow the trading of security tokens.
The future of Security Tokens
After the Initial Coin Offerings for utility tokens have nearly fallen to an end, a great future is predicted for security tokens. The 1X securities exchange will help growing companies in terms of raising capital and also help private investors in terms of new investment opportunities.
Johnson Chen, the Founder, and CEO of CapBridge Capital Platform expressed his pleasure by saying:
“The CapBridge private capital platform has a track record of successfully helping global growth companies raise capital, and providing private investors access to such investment opportunities. With the RMO exchange license, we can now offer an even more integrated suite of private capital services to deserving companies seeking growth capital and sophisticated investors looking for alternative growth options. Our holistic approach will enhance capital flow for growth companies and improve liquidity options for private investors, benefiting the wider capital market ecosystem in the process. We have been in close consultation with the MAS and deeply appreciate their support of our goal to contribute to a more vibrant Singapore private capital environment; as a fully-compliant and secure exchange platform, we will continue to work closely with MAS to uplift the capital ecosystem.”
