ADDX raises $58 million, Thai Stock Exchange and UOB are now shareholders

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Singapore Stock Exchange-backed private market platform ADDX raised US$58 million in a pre-Series B funding round, bringing its total funds raised to approximately US$120 million. U.S. dollars.

The fundraising saw several financial institutions join us as new shareholders.

This includes SET Venture Holding, a subsidiary of the Stock Exchange of Thailand (SET), UOB, Hamilton Lane and Krungsri Finnovate, the venture capital arm of Krungsri (Bank of Ayudhya PCL).

New investors join existing shareholders on the ADDX capitalization table, such as Singapore Exchange (SGX), Temasek-owned Heliconia Capital, Development Bank of Japan (DBJ), Japan Investment Corporation – Venture Growth Investments (JIC- VGI), Tokai Tokyo Financial Holdings, Kiatnakin Phatra Financial Group and Hanwha Asset Management.

New shareholders will partner with ADDX on specific projects that will help the exchange expand into new business areas, geographies or market segments.

The new funds will allow ADDX to expand its operations and strengthen several strategic initiatives.

This includes the recent launch of private market services for wealth managers dubbed ADDX Advantage, continued efforts to onboard GPs as issuers, as well as product innovations.

ADDX is regulated by the Monetary Authority of Singapore (MAS) as a digital stock exchange.

Oi Yee Choo

Oi-Yee Choo, CEO of ADDX, said:

“The significant investment from SET, UOB, Hamilton Lane and Krungsri is a resounding endorsement of ADDX’s business model, the team we have assembled and the broader vision we have for transforming capital markets and the wealth management industry.

The new shareholders are not only capital partners, but also strategic partners. They have much to contribute in the form of expertise, ideas, market experience and business networks, and ADDX looks forward to adding value to their businesses in return. This Pre-Series B round strongly sets ADDX up for long-term success.

Pakorn Peetathawatchai

Pakorn Peetathawatchai

Pakorn Peetathawatchai, Chairman of the Stock Exchange of Thailand, said:

“Partnering with ADDX, a multi-asset digitalized securities investment platform regulated by MAS, will contribute to the great development of digital assets in Thailand.

We look forward to working with the ADDX team and are confident that this collaboration will bring vast experience, knowledge and more opportunities to Thai capital market participants through the international digital capital markets platform.

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