ADDX (tidligere iStox): Lederen innen tokenisering av private markeder

Fra iStox til ADDX: En suksesshistorie fra Singapore

In de tidlige dagene av sikkerhetstokenrevolusjonen var det avgjørende å danne partnerskap for å fremskynde utviklingen. Et av de mest betydningsfulle samarbeidsprosjektene oppstod i Singapore mellom en fintech-startup, Singapore Exchange (SGX), og Heliconia Capital Management.
Originally known as iStox, the platform officially rebranded to ADDX in mai 2021. Today, it stands as one of the world’s largest and most active fully regulated private market exchanges, using blockchain technology to democratize access to institutional-grade assets.

Plattformen: Demokratisering av private markeder

ADDX was built with a clear mission: to solve the liquidity and access problems inherent in private markets. Historically, investing in private equity, hedge funds, or pre-IPO unicorns required millions of dollars in capital and established connections.
By utilizing blockchain and smart contract technology, ADDX fractionalizes these heavy assets. This allows the platform to reduce minimum ticket sizes from the traditional $1 million to as low as $10,000. This efficiency opens the door for “accredited investors” to build diversified portfolios previously reserved for ultra-high-net-worth individuals and institutions.

Regulatoriske milepæler

The original launch was predicated on regulatory approval, a hurdle many competitors failed to clear. ADDX, however, successfully graduated from the Monetary Authority of Singapore (MAS) Fintech Sandbox in early 2020.
It is now fully licensed as a Recognized Market Operator (RMO) and holds a Capital Markets Services (CMS) license. This regulatory moat ensures that all issuances on the platform—ranging from commercial paper to real estate funds—adhere to the strict standards of the Singapore Securities and Futures Act.

Et kraftsenter av støttespillere

While the initial partnership with SGX and Heliconia laid the foundation, the ADDX ecosystem has expanded to include some of the biggest names in Asian and global finance.

• Singapore Exchange (SGX): Som en tidlig støttespiller bidro SGX med dyp erfaring innen markedsinfrastruktur. Chew Sutat, tidligere Executive Vice President i SGX, bemerket at plattformen tilfører livlighet til Singapores kapitalmarkedsøkosystem.
• Heliconia Capital Management: Et datterselskap av Temasek Holdings, Heliconia fokuserer på investering i høy‑potensielle singaporeanske selskaper. Deres engasjement bekreftet ADDX som en «potensiell forstyrrer» i tradisjonelle kapitalmarkeder.
• New Strategic Partners: I de senere år har aksjonærlisten vokst til å inkludere UOB, Stock Exchange of Thailand (SET), Hamilton Lane (HLNE ) og KB Securities.

Nåværende drift

Since its inception, ADDX has surpassed $2 billion in total transaction volume. The platform features a diverse array of issuers, including global heavyweights like Partners Group, Investcorp, and Hamilton Lane.

Unlike the early days when the industry struggled with a “lack of liquidity,” ADDX now operates a functional secondary market. Investors who purchase tokenized fund units can list them for sale on the exchange, providing a liquidity option that traditional private funds typically cannot offer until the fund matures.