TechFlow news, Singapore-based blockchain securities exchange ADDX announced it has raised $20 million in funding, led by KB Securities, a brokerage subsidiary of South Korea's largest financial services firm KB Financial Group.
ADDX said it will use the funds to develop its recently launched institutional wealth management platform. It will also explore potential collaboration with KB Securities to expand private market investment services across Asia, including possible joint initiatives in Singapore or South Korea.
According to previous reports, in May this year, ADDX announced the completion of a $58 million Pre-B round, participated by SET Venture Holding (a subsidiary of Thailand's stock exchange), UOB, Hamilton Lane, and Krungsri Finnovate.Original link
