Singapore-based CoAssets is making crowdfunding as an investment more mainstream not only in its own market, but across the region and after a fresh listing in Australia, the company has put a spotlight on this alternative way of investment.
CoAssets is a crowdfunding platform that matches property deals with investors, whether it would be mezzanine loans to developers or equity in physical property.
The company started trading on the National Exchange of Australia (NSSX) under the symbol “CAX” last Wednesday, representing the first public listing for a real estate crowdfunding platform based in Southeast Asia.
The financial accounts of the company were audited twice by Singaporean and Australian third-party auditors before it was listed.
CoAssets was launched back in 2013 and has raised more than SG$36 million ($26 million) since then. It has conducted more than 15 residential and commercial projects …