ADDX plans Middle East expansion

Asia-based private markets exchange ADDX is set to bolster its international presence by expanding into the Mena market.

The blockchain-based platform is looking to tap into the region’s lucrative IPO market and to provide two-way, cross-investment opportunities between Asian and Mena markets.

According to ADDX, which is backed by the Singapore Exchange, its latest move will enable pre-IPO companies and startups to access a greater pool of capital providers, including investment funds.

It will also provide Mena asset managers with access to investment opportunities across Asia.

“The rise of blockchain-powered platforms has changed the game and transformed how investors view private market investing,” said Manuel Jaeger, head of business development at ADDX. “Our next step is to replicate in Mena the approach we have taken in Asia-Pacific.”

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