Straits Trading Company, SDAX to leverage cross offerings in new partnership

THE Straits Trading Company (STC) has partnered Singapore’s Digital Asset Exchange (SDAX) to offer clients from both sides access to their respective services.

On Thursday (Oct 10), STC said the collaboration will offer members of Straits Trading Shareholders’ Club access to SDAX’s array of private markets and alternative investment opportunities.

These include the investment and trading platform’s commodity notes, trade finance notes and social bonds, as well as SDAX’s Private Credit Fund and Fine Art Fund.

In turn, SDAX clients will be able to invest in STC’s investment offerings – a move seen as one that further broadens the platform’s investment appeal.

STC launched its Shareholders Club in September 2021 to offer its shareholders fractional ownership of real estate and property assets.

The group listed its first tokenised corporate bond on the SDAX platform in early 2023.

Eric Teng, group chief operating officer of Straits Developments, said the partnership will create opportunities for STC’s stakeholders to participate in the group’s continued growth.

SDAX chief executive Rachel Chia considered the collaboration with STC a “validating moment”.

She said: “Not only does it cement the strong, longstanding relationship between SDAX and Straits Trading, it is a testament of the trust Straits Trading has in our platform, especially as SDAX remains committed to democratising finance for retail investors and the mass affluent.”