Squeeze out a quick 15-minutes lunch post.
One Small StepSingapore 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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