TechFlow news, October 27 — According to Tech in Asia, Australian fintech infrastructure provider Openmarkets Group announced plans to raise $50 million to enter the decentralized finance (DeFi) space and expand into overseas markets including Singapore, Hong Kong, and the United States.
The company provides application programming interfaces for financial institutions, enabling its clients to access Australian and international stock markets. The funds will primarily support launching cryptocurrency trading, tokenization of real-world assets, and establishing a digital treasury to manage cryptocurrencies, stablecoins, and other digital assets.
CEO Dan Jowett said the top priority is tokenizing illiquid assets such as private credit and equity funds. The company is currently in talks with major liquidity providers including HashKey, OKX, and Bitstamp, with the crypto trading platform expected to launch in March-April next year. Mid-term plans include issuing its own stablecoin as a bridge between DeFi and traditional finance.
