Hg Exchange (HGX), a private securities exchange that is licensed and regulated by the Monetary Authority of Singapore (MAS) has welcomed its fourth member firm to the exchange.
On Oct 19, KILDE, a Singaporean alternative investment platform that is also licensed by the MAS, joined the HGX.
The addition of a new member firm marks another milestone for HGX. HGX was granted a Recognised Market Operator license, and appointed Phillip Securities as a designated market maker earlier in 2021.
See: Hg Exchange graduates from MAS Fintech Regulatory Sandbox; expands product offerings, member firms and teams
HGX’s current member firms include Phillip Securities, PrimePartners Corporate Finance and Fundnel.
“We are pleased to welcome KILDE to our exchange. The addition of KILDE will further boost HGX’s liquidity, investor base, and product diversity. KILDE’s clients can now access HGX products, including equities in private companies and tokenized luxury goods. Additionally, we look forward to working with KILDE to launch debt products, further expanding HGX product offerings,” says Willie Chang, CEO of HGX.
“Membership at HGX, in the first place, benefits clients of all the Member Firms. KILDE’s clients get access to a broader range of investment opportunities while our income products will enhance the products on HGX. Our team is looking forward to working with Willie Chang and the member firms to build a strong member-driven exchange platform,” adds Radek Jezbera, founder and co-CEO of KILDE.
Photo: Hg Exchange
