Odaily Planet Daily News: Singapore digital asset exchange SDAX has completed a US$50 million B2 round of financing, led by Muscat Precious Metals Refining Company (MPMR). SDAX plans to use this financing to launch a digital asset exchange in Oman, with the goal of expanding into the Gulf and African markets. In addition, SDAX and MPMR jointly launched a tokenized gold product in April this year, which is based on medium-term loan notes and the gold is stored in Le Freeport in Singapore. It is reported that SDAX completed a US$18 million Series B financing in 2021, led by PSA International, Straits Trading Company and New Horizon Global. (Ledger Insights)