We are pleased to announce our new backers – Temasek-backed PSA and Singapore-listed STC
SDAX Financial, the holding company of Minterest Digital Investment Platform and SDAX Exchange has announced the first closing of its Series B funding round led by PSA International Pte Ltd (“PSA”) and The Straits Trading Company Limited (“Straits Trading”). Also participating in this round was New Horizon Global.
The participation of PSA and Straits Trading, both prominent institutional investors, demonstrate confidence in SDAX Financial as a fast-growing fintech powerhouse committed to enhancing efficiency, accessibility and equal opportunity across capital markets and alternative investments. The deal brings together global leaders in their respective fields and their collective expertise to deliver high quality investments to investors through the use of technology in asset financing to complement PSA and Straits Trading’s core businesses and drive sustainable value creation.
PSA is partnering SDAX Financial to drive progress across the ESG factors facing its business and to transform and decarbonize global supply chains while driving sustainable value creation. PSA will leverage SDAX Financial’s integrated digital financial services platform for efficient capital raising for green projects, to enable these projects to scale up and drive positive impact on global decarbonisation efforts. Such projects may arise through PSA’s cargo solutions for its partners and customers, including cargo owners
– PSA spokesperson
The funding round marks the latest milestone for the Group as it seeks to entrench its position as one of the world’s leading integrated digital lending, investment, and exchange platforms. With new strategic partners onboard, Minterest Digital Investment Platform will be focusing on bringing more exclusive opportunities to investors on our Digital Investment platform.
LEADING FINTECH GROUP SDAX FINANCIAL RAISES $24 MILLION TO ACCELERATE GROWTH WITH NEW STRATEGIC PARTNERS
Singapore, 21 December 2021 – SDAX Financial Pte Ltd (“SDAX Financial” or the “Group”) is pleased to announce it has raised $24 million in the first closing of its Series B funding round led by PSA International Pte Ltd (“PSA”) and The Straits Trading Company Limited (“Straits Trading”). Also participating in this round was New Horizon Global.
Tan Chong Huat, Chairman of SDAX Financial shared, “We are delighted to welcome PSA and Straits Trading as key partners into our digital financial services ecosystem. They are leaders in their respective fields and their collective expertise strengthens the Group’s twin engine focus of Environmental, Social, and Governance (“ESG”) solutions and real estate to deliver a compelling value proposition for our ecosystem stakeholders and investors. With the exponential pace of asset digitalisation, the Group is well positioned to reshape the capital markets to become the gateway to diverse digital assets and investments. The ability to access a large pool of ESG and real estate assets allows the Group to develop new innovative products to capture the fast-growing digital security token economy. We are excited with our new partners who believe in the long term, strategic vision of building a digital ecosystem aligned to the best interests of stakeholders and their success. But mostly importantly, each strategic investor will be uniquely contributing to shape the growth of the Group.”
Transforming supply chains through innovative digital ESG solutions
As a leading global port group and cargo solutions provider, PSA’s investment in SDAX Financial reflects its commitment to co-create and invest in ESG solutions for ports, supply chains and climate-conscious cargo owners. Through partnering industry and technology players, PSA is driving progress to transform and decarbonise global supply chains. From physical assets to digital solutions deployed across its logistics and supply chain, systems and tools, PSA is strategically prioritising supply chain transformation while driving sustainable value creation.
Tan Chong Meng, Group Chief Executive Officer of PSA International, said, “PSA believes that digital innovation and purposeful partnerships are key enablers towards co-creating the shift towards more sustainable world trade. Through collaborating with SDAX Financial’s integrated digital financial services platform, we believe we can further PSA’s sustainability initiatives for supply chain partners and cargo owners, and make a positive impact towards the decarbonisation of global supply chains, underpinned by clear market mechanisms.”
Strong real estate origination capabilities accentuated by entry of new strategic investors
The participation of Straits Trading, coupled with ARA Asset Management who had invested in an earlier round, further strengthens the real estate origination capabilities of the Group. With real estate a prime asset class for tokenisation owing to its familiarity among investors and its illiquid nature, the ability to harness a large pool of real estate assets enables the Group to facilitate fractional ownership without liquidation of the real estate asset and through the lowering of entry barriers for investors, real estate investments will be even more attractive to a broader spectrum of participants.
The new funding from this growing list of strategic partners bolsters SDAX Financial’s growth initiatives which includes roll-out of new product offerings and further development of its technology platform to enhance users’ experience. With the “go live” of its digital asset exchange on 6th December 2021, the Group has its inaugural listing of real estate security token successfully launched and listed on the exchange for secondary trading.
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ABOUT SDAX FINANCIAL
SDAX Financial (“SDAX”), is committed to the vision of connecting people to opportunities through democratising financial access and creating new aspirations in the new financial markets. The group aims to build a global fintech powerhouse enhancing efficiency, accessibility and equal opportunity to capital markets and alternative investments through it’s integrated digital lending, investment, and exchange platform – SDAX exchange and Minterest Digital Investment platform.
SDAX exchange is a digital asset exchange regulated by MAS for the listing, tokenization and trading of securities via a blockchain powered institutional-grade platform. SDAX aims to be the platform of choice for accredited investors and institutions by maintaining the highest security, compliance, reliability and resiliency standards.
Minterest Digital Investment platform allows investors to access private alternative investment opportunities across the globe, highly acclaimed for its institutional-grade real estate deals. It is a leading non-bank fintech group focused on empowering individuals and corporates to invest, earn and borrow through its ecosystem. With dual licenses from MAS and MLAW in Singapore, it has a cumulative origination volume of over S$262 million in Singapore.
For more information, please visit www.sdaxfinancial.com