ADDX Expands Presence In China With US $ 200 Million Agreement Tied To China’s Offshore Investment Program

Copyright 2021 PR Newswire. All rights reserved
2021-09-27

TOKYO, Sept. 27, 2021 / PRNewswire / – ADDX Digital Stock Exchange – formerly known as iSTOX, which is backed by Japanese investors JIC Venture Growth Investments (JIC-VGI) and Development Bank of Japan (DBJ) as well as Tokai Tokyo Financial Holdings, plans to expand its activities in China significantly, after concluding a US $ 200 million agreement linked to a quota granted by the government for Chinese investments abroad.

The National Qualified Limited Partnership Program, or QDLP, allows domestic investors to China to buy renminbi funds that focus on overseas investment opportunities. Fund quotas are allocated across a few major cities – including Beijing, Shanghai, Shenzhen and Chongqing.

ADDX has entered into an agreement with the Singapore-the regulated wealth and fund management company ICHAM, which has obtained a US $ 200 million the award under the Chongqing the whole government US $ 5 billion QDLP quota. Under the agreement, ADDX will be the ICHAM fund’s primary investment location in China authorized to raise capital from Chinese institutions and individuals. ADDX will provide Chinese investors with access to private market products issued as digital securities covering a wide range of asset types, including pre-IPO stocks, hedge funds, venture capital funds, real estate funds , wholesale bonds and structured products. The ADDX-ICHAM partnership was part of the first batch of two beneficiaries of QDLP quotas announced by the Chongqing government last month [1]. ICHAM is also the first Singapore company to get QDLP allowance in any Chinese city. ADDX and ICHAM were both founded by the CEO of ADDX Danny toe.

Less than a year after ADDX signed a memorandum of understanding with the Chongqing government to set up future digital stock exchange for Chinese market [2], the new combination is a significant boost to ADDX’s international growth plans, the company said. Regulated by the Monetary Authority of Singapore (MAS), ADDX currently serves accredited investors from 27 countries, covering Asia Pacific, Europe and the Americas (excluding United States).

Oi Yee Choo, Chief Commercial Officer of ADDX, said: “The opening of official channels like QDLP to allow Chinese investors to diversify their portfolios globally has been happening gradually and steadily since the 2000s. asset prices within China, this decision by the Chinese authorities is prudent and allows Chinese institutions and high net worth individuals to participate in high quality opportunities wherever they are, before reinjecting their income into the Chinese economy for the benefit of local businesses and households. . For international companies that manage or facilitate these investments, including ADDX, China represents a huge opportunity. We are only in the early days of this influx of capital between China and the rest of the world. “

Ms. Choo added, “At ADDX, our international expansion strategy is based on our strong and diverse set of world-class offerings. We are building the world’s first private market with blockchain technology and smart contracts. speed, profitability and access to capital that digital titles provide, in a revolution that will eventually send traditional paper titles back to history ADDX is also regulated in Singapore, which has established itself as the leading wealth management hub for Asian family offices and high net worth individuals, thanks to in a significant part of MAS’s long-term strategic plan to create an enabling environment for global investors and asset managers. As China’s wealth searches for overseas opportunities, China’s financial ecosystem Singapore of which ADDX is a part has a competitive advantage due to its vast talent pool, robust and progressive regulations and openness to the world. “

Launched in 2012, QDLP is one of the few official programs for Chinese overseas investment, which includes QDII [3] and Connect Wealth Management [4]. QDLP is remarkable because it allows offshore investments in a wider variety of assets – not just public market products, but also private market products with a potentially higher risk-return profile. Chinese Individual Investors in QDLP Funds Must Meet Sophisticated Investor Requirements [5].

ADDX was founded in 2017 as an integrated platform for the issuance, custody and exchange of digital securities. The fintech company is backed by Japanese investors JIC Venture Growth Investments (JIC-VGI), the Development Bank of Japan (DBJ), Tokai Tokyo Financial Holdings, Mobile Internet Capital and Juroku Bank, as well as Singapore Exchange and Heliconia Capital owned by Temasek [6].

About ADDX

ADDX is a future-ready capital markets platform that will usher in a new era for fundraising and investing. Through digital securities, ADDX offers a more innovative, flexible, inclusive and efficient system for an emerging generation of investors and issuers. ADDX’s mission is to enable all users to transact exactly the way they want and to extend access to the capital market to a wider segment of the community. ADDX is owned and operated by ICHX, which has been approved by MAS as a Recognized Market Operator (RMO), and is licensed from Capital Markets Services (CMS) to trade in securities and brokers. collective investment as well as to provide childcare services. For more information visit ADDX.co.

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Elgin Toh
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SOURCE ADDX


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