[Singapore Digital Asset Exchange SDAX Completes US$50 Million in Financing] Golden Finance reported that Singapore Digital Asset Exchange SDAX has completed a US$50 million B2 round of financing led by Oman Muscat Precious Metals Refining Company (MPMR). Previously, SDAX completed US$18 million in Series B financing in 2021. SDAX plans to use this financing to launch a digital asset exchange in Oman, with the goal of expanding the Gulf and African markets. In addition, SDAX and MPMR collaborated in April this year to launch a tokenized gold product based on medium-term loan notes, with gold stored in Le Freeport in Singapore. SDAX CEO Rachel Chia said the financing is a testament to the company's commitment to making institutional-grade private markets and alternative investments accessible to more people. At the same time, market demand for tokenized gold is growing, and HSBC has also launched similar products for institutional and retail clients.