Saturday, July 19, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Technology

Investment and trading platform SDAX raises US$50 million in Series B2 round

by Riah Marton
in Technology
Investment and trading platform SDAX raises US million in Series B2 round
Share on FacebookShare on Twitter


The funds will be used to grow the business to include sectors such as wealth and fund management

SINGAPORE’S Digital Asset Exchange (SDAX) has raised US$50 million at the close of its Series B2 funding round, led by Muscat Precious Metals Refining Company (MPMR).

MPMR is based in Oman and specialises in the refining, trading and minting of precious metals such as gold, silver and platinum.

The capital will be used to grow the business to include other sectors such as wealth and fund management, as well as acquire clients, said SDAX on Tuesday (Sep 10). 

SDAX will also prioritise regional expansion and the launch of a digital asset exchange in Oman. 

This will provide a strategic gateway to the Gulf Cooperation Council region and Africa, while connecting Oman to global liquidity pools, said the investment and trading platform. 

Rachel Chia, chief executive officer of SDAX, said the latest funding round is a testament to the exchange’s “commitment to democratise access to institutional-grade private markets and alternative investments”.

In April, SDAX partnered MPMR to offer securitised gold tokens on its exchange platform. These tokens offer investors fractional gold investments and trading, backed by physical gold bullion. 

The latest funding round follows an US$18 million Series B round in 2021 led by PSA International, Straits Trading Company and New Horizon Global. The funds raised from that round were used to roll out new product offerings, and further develop the company’s technology platform to better serve users. 

SDAX was formed from the merger of blockchain platform Digiassets Exchange (Singapore) and fintech company Minterest in 2021. It aims to build a global digital asset exchange ecosystem amid growing demand for alternative investments. 

Tags: InvestmentMillionPlatformRaisesSDAXSeriesTradingUS50
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
China auto suppliers and EV makers flood major trade fair in Germany

China auto suppliers and EV makers flood major trade fair in Germany

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2024 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In