✅Singapore Stock Exchange based on blockchain technology raises US$20 million

🆕According to Forbes, a securities exchange based on blockchain technology operated by Singapore-based ADDX raised US$20 million, led by KB Securities, the brokerage arm of KB Financial Group, one of South Korea’s largest financial services companies. ADDX raised US$58 million in financing in May, with participation from Singapore billionaire Wee Cho Yaw’s United Overseas Bank, US investment firm Hamilton Lane, the Stock Exchange of Thailand and the Bank of Thailand’s venture capital arm.

ADDX said it will use the financing to grow its institutional wealth management platform and will also explore a possible collaboration with KB Securities to expand its