SGX-backed private market exchange ADDX on Monday announced that a private credit fund by Temasek Holdings-owned SeaTown has become the first such vehicle to be tokenised on its platform.
The $1-billion SeaTown Private Credit Fund is raising capital from external limited partners (LPs) for the first time. The close-ended, four-year fund is focused on extending private credit to companies in the Asia-Pacific region. To date, the SeaTown fund has deployed more than $500 million in investments.
