<article>Private capital raising platform <a href="https://www.dealstreetasia.com/?s=capbridge">CapBridge</a> has been given the green light by the Monetary Authority of Singapore (MAS) to operate a private securities exchange in the city-state.</article>

Private capital raising platform <a href="https://www.dealstreetasia.com/?s=capbridge">CapBridge</a> 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 &#8220;<a href="https://www.dealstreetasia.com/?s=1exchange">1exchange</a>&#8221; (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&#8217;s FundedHere was forced to stall the launch of FundedX because it did not receive MAS&#8217;s approval to operate in Singapore. FundedHere is Singapore&#8217;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.
&#8220;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,&#8221; said CapBridge founder and CEO Johnson Chen in a statement.
CapBridge is also working with blockchain technology firm <a href="https://www.dealstreetasia.com/?s=ConsenSys">ConsenSys</a> to develop a fully compliant private securities exchange built on the Ethereum blockchain. &#8220;In due course, this regulated and secure exchange will offer services that include the listing and trading of security tokens,&#8221; it added.
Also Read:
<a href="https://www.dealstreetasia.com/stories/sgx-backed-unit-pick-10-capital-raising-platform-capbridge-84363/">SGX-backed unit to pick 10% in capital raising platform CapBridge</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/new-100m-fund-allows-institutional-investors-to-invest-in-vc-backed-startups-65223/">Singapore&#8217;s CapBridge launches $100m VC fund</a>

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

CapBridge granted private exchange license by Singapore's MAS

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CapBridge granted private exchange license by Singapore's MAS

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