ECXX and UOB Kay Hian collaborate to offer STOs

By Edil Corneille

ECXX Global, a Singapore-based company operating a digital asset exchange using blockchain technology, announced today that it has entered into an important collaboration with regional brokerage UOB Kay Hian to bring in deep-tech start-ups to their network and offer them the opportunity to list via Securitised Token Offerings (STOs) to raise growth capital.

Under this collaboration, both companies will facilitate tokenization projects and tap on UOB Kay Hian’s large pool of investors to market and distribute tokens to potential investors.

They will comply with regulations for token issuance and they will provide investor education and analysis on tokenization and tokens investment.

“We are excited by the opportunities arising from this collaboration with UOB Kay Hian.

They are one of the leading regional brokerage out there and we believe that we are able to address their large list of accredited investors who are interested in token investment. In addition, the synergy from this collaboration will create more opportunities for investors to tap into digital assets and the blockchain space,” said Mr Branson Lee, Chief Executive Officer of ECXX.

This collaboration presents a great opportunity for UOB Kay Hian to expand its business into the FinTech sector, growing their presence in the banking and finance sector.

ECXX is also able to leverage on this collaboration and accelerate the development and expansion of their FinTech business.

ECXX had already previously secured an admission from the Monetary Authority of Singapore (MAS) to the FinTech Sandbox Express under a Recognised Market Operator (RMO) regime. This means that it offers securities in the FinTech Express Sandbox approved by the Monetary Authority of Singapore to be integrated with MyInfo, the one-stop Singapore government identity platform.

Esmond Choo, Senior Executive Director of UOB Kay Hian said, “The ECXX platform is designed to be very versatile and will serve the fast growing digital asset space. UOB Kay Hian is very happy to work with ECXX, a company which has a strong domain knowledge in STO offerings matched by a robust pipeline of rapid growth technology-based companies. We believe that this collaboration will allow us to leverage our respective strengths to grow our presence the fintech sector.”