Binance, the leading blockchain and cryptocurrency infrastructure provider behind the world’s largest digital asset exchange, today announced the signing of a Memorandum of Understanding (MoU) to build a strategic partnership with CapBridge Financial (“CapBridge”), Singapore’s leading and regulated integrated private markets platform.
Singapore-headquartered CapBridge is a leading online integrated private markets platform regulated by the Monetary Authority of Singapore (“MAS”). The platform comprises two arms: global online investment syndication and distribution arm that holds a Capital Markets Services License (“CMSL”), and 1exchange (“1X”), a private exchange arm that holds a Recognized Market Operator (“RMO”) license.
1X, a member of CapBridge, is a MAS-regulated private securities exchange and is built on the blockchain. It supports cost-effective private listing for family businesses and pre-IPO companies.
“By joining forces with CapBridge, Binance will be able to work with a fully licensed firm to broaden services securing compliance with local regulations,” said Binance CEO Changpeng Zhao(CZ). “We are looking forward to building a long-term partnership with CapBridge to diversify our offerings for users.”
“We are excited to cooperate with Binance and believe that there will be a synergy through the partnership,” said CapBridge CEO Johnson Chen. “Our fully licensed platform will offer new opportunities for eligible Binance users to grow their portfolios further.”
1X CEO Haiping Choo said, “The vision of 1X is to be the preferred, reliable, and regulated platform for companies and investors to list and trade private securities in a fair, transparent, and orderly manner. This partnership is part of our continual effort towards achieving our vision.”
Additional plans of the partnership will be announced at a later date with details.
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users and features an unmatched portfolio of crypto products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions, and more. For more information, visit: https://www.binance.com
About CapBridge Financial
CapBridge Financial (“CapBridge”) provides private markets solutions that help companies and investors unlock value via a uniquely integrated primary syndication and secondary trading approach. Based in the global financial hub Singapore, CapBridge is regulated by the Monetary Authority of Singapore and holds a Capital Markets Services Licence (CMSL).
CapBridge works with late-stage growth or pre-IPO private companies seeking growth or expansion capital. The online platform intelligently seeks and matches companies with private capital and facilitates the entire capital raising process with technology. Private investors on CapBridge gain access to institutional-grade private opportunities, previously limited to large institutional investors. Other examples of products include private funds and private real estate opportunities.
Singapore Exchange (SGX) is a strategic partner and shareholder of CapBridge. Key current investors in CapBridge include South Korea-based Hanwha Investment and Securities Co., Singapore government-owned SGInnovate, and HKSAR government-backed Hong Kong Cyberport.
CapBridge partners include regional banks such as CIMB (Malaysia), UOB (Singapore), financial groups such as Hana Financial Group (Korea), as well as professional services firms such as Deloitte, Dunn & Bradstreet, and Singapore Commercial Credit Bureau. For more information, visit: www.capbridge.sg
About 1exchange (1X)
A member of CapBridge Financial, 1X is the first MAS-regulated private securities exchange in Singapore and widely regarded as the third board in the global financial center.
Built on the blockchain, 1X is a “light-touch” and cost-effective private listing venue designed for family businesses, as well as growth and pre-IPO companies. The exchange provides companies with market-oriented solutions such as direct private listings and employee share trading. With a 1X listing, founders, owners, asset managers, and growth-stage companies can achieve partial exits and tradeability in private shares while retaining flexibility and control.
Private investors on 1X can freely and securely trade in and out of their positions to achieve liquidity anytime, anywhere. For more information, visit: www.1x.exchange