{"id":15594,"date":"2019-07-10T00:00:00","date_gmt":"2019-07-10T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/singapore-gets-its-first-regulated-private-securities-exchange-supported-by-consensys\/"},"modified":"2019-07-10T00:00:00","modified_gmt":"2019-07-10T00:00:00","slug":"singapore-gets-its-first-regulated-private-securities-exchange-supported-by-consensys","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/singapore-gets-its-first-regulated-private-securities-exchange-supported-by-consensys\/","title":{"rendered":"Singapore Gets Its First Regulated Private Securities Exchange supported by Consensys"},"content":{"rendered":"
Singapore crypto investors have something to rejoice about since 1exchange, the first regulated private securities exchange platform in the region just went live.<\/p>\n
Reportedly, through 1exchange<\/a> <\/strong>investors will have an avenue to buy tradeable private equities crafted from illiquid assets. A gong celebration was held on Wednesday to celebrate the launch of 1exchange. In attendance were representatives from the exchange itself, ConsenSys<\/a>, Singapore Exchange (SGX), CapBridge Pte Ltd, Equiom Singapore, and Aggregate Asset Management (AMM).<\/strong><\/p>\n In addition to going live, the exchange also listed its first token, AAM<\/strong> an Ethereum based token from Aggregated Asset Management (AAM). The AAM tokens are available for trading on 1exchange<\/strong> and account for 7 percent shares of AAM shares.<\/p>\n By going live, the exchange has enabled investors, who participated in the AAM fundraiser six weeks ago to make use of their Ethereum<\/a> <\/strong>tokens. The tokens grant them trading powers on 1exchange platform. The tokens represent actual company shares. Notably, to mint and list the tokens for trading, 1X either takes 10 or 20 percent of private company’s portion and places everything into a special purpose vehicle.<\/p>\n