SGX-backed ADDX tokenises private credit fund by Temasek-owned SeaTown

Singapore. Photo by Dan Freeman on Unsplash

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.

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