The deal will see HGX become a wholly-owned subsidiary of Alta. Alta will also list Phillip Securities, Nomura Holdings, Integra Partners and Prime Partners as shareholders.
Singapore-headquartered fintech firm Alta Group — formerly known as Fundnel — has acquired private digital securities exchange Hg Exchange (HGX).
The acquisition allows Alta to support the tokenisation and digital custody of alternative assets, creating an end-to-end solution that makes it cheaper and faster to trade private securities, funds as well as asset-backed securities such as real estate and luxury assets.
