CapBridge granted private exchange license by Singapore’s MAS

Photo by Nick Fewings on Unsplash

Private capital raising platform CapBridge has been given the green light by the Monetary Authority of Singapore (MAS) to operate a private securities exchange in the city-state.

According to an official statement, CapBridge has been granted the Recognised Market Operator (RMO) exchange license, allowing “1exchange” (1X) to be one of the first MAS-approved private securities exchanges in Singapore.

In a statement to DEALSTREETASIA, MAS said that CapBridge is an RMO but was unable to confirm whether it is the first private exchange in the country.

In August, Singapore’s FundedHere was forced to stall the launch of FundedX because it did not receive MAS’s approval to operate in Singapore. FundedHere is Singapore’s first crowdfunding platform, offering equity and debt deals to companies in Singapore and Southeast Asia.

According to a statement by CapBridge, companies listed on the private exchange enjoy benefits such as greater control, flexibility and lower costs before an exit event such as IPO or merger and acquisition.

“The CapBridge private capital platform has a track record of successfully helping global growth companies raise capital, and providing private investors access to such investment opportunities. With the RMO exchange license, we can now offer an even more integrated suite of private capital services to deserving companies seeking growth capital and sophisticated investors looking for alternative growth options,” said CapBridge founder and CEO Johnson Chen in a statement.

CapBridge is also working with blockchain technology firm ConsenSys to develop a fully compliant private securities exchange built on the Ethereum blockchain. “In due course, this regulated and secure exchange will offer services that include the listing and trading of security tokens,” it added.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.