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SG Crypto Hub and Selling Some REITs in the Bubbly Market
By Turtle Investor  •  July 10, 2019

Squeeze out a quick 15-minutes lunch post.

One Small Step

Singapore has been a breath of fresh air when it comes to welcoming, adapting and embracing blockchain technology. We now have tradeable private equity on the Ethereum blockchain!

I was pleasantly surprised to see news today that the first ever private listing has taken place on 1exchange (1X), the only regulated private securities exchange with a Recognised Market Operator licence granted by the Monetary Authority of Singapore.

The listed entity is none other than Singapore-based boutique fund management company Aggregate Asset Management (“AAM”), which has listed on 1X with over SGD 5.6million worth of tradeable private equities representing approximately 5% of the company’s share equity.

If the name sounds familiar, that’s because Teh Hooi Ling was previously with the firm before leaving to start her own Inclusif Value Fund.

The cool thing is, 1X was built on the public Ethereum

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By Turtle Investor
Hello there! I am Kevin and the author behind the Turtle Investor blog. At age 37, I hit CPF Full Retirement Sum (FRS) of $176,000 on the last day of 2019, twelve years after graduating from university. I am married and owns a 4-room apartment. I continue to be gainfully employed to build up my portfolio and provide my loved ones with better lives. Leaving everything behind and transitioning to a digital nomad life in Bali remains an option but not something that I’m actively pursuing now 🙂
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