Singapore Exchange-backed private market platform ADDX has appointed Oi-Yee Choo was its Chief Executive Officer, subject to the Monetary Authority of Singapore’s (MAS) approval.
The ADDX platform was founded in 2017 and began full commercial operations in 2020 after becoming one of the first digital securities exchanges to graduate from the MAS Fintech Regulatory Sandbox. Leading the company into its next phase of growth, Ms Choo projects that the ADDX platform will record USD1 billion in transactions by 2023, entrenching its position as Asia’s largest private market exchange.
As a multi-asset exchange, ADDX has onboarded funds, bonds and equities. Asset classes represented by products on the platform include private equity and venture capital, private debt, real estate, hedge funds and crypto funds. The ADDX platform will onboard more global general partners (GPs) this year, after launching deals last year by blue-chip names such as Partners Group, UOB, Investcorp, Mapletree, Azalea, SeaTown and CGS-CIMB.