1exchange is Singapore’s first and fully regulated private securities exchange – and the innovative trading platform is built entirely on Heroku.
On 10th July 2019, Singapore-based boutique fund management company Aggregate Asset Management made history when it listed $5.6 million worth of tradeable private equities on 1exchange -- Singapore’s first and fully regulated licensed private securities exchange.
This was a moment to celebrate for 1exchange. It was the debut listing on the 1exchange trading platform, and marked the end of a long journey that started with getting a Recognised Market Operator License (RMO) from the Monetary Authority of Singapore (MAS).
“This represents a key milestone in realising our vision of enabling tradeable private equity and opening up this highly desired asset class for global investors” says Haiping Choo, CEO of 1exchange. “That’s one reason why July 10 was a very good day for us. It was a tough journey to get there.”
For the first time, 1exchange enables investors to buy and sell private securities on a regulated, centralised and transparent trading platform. It also offers private companies an easier and more flexible way to unlock shareholder value.
Private companies can list up to 30 per cent of their shares on 1exchange in the form of tradeable private equities. At the same time, 1exchange provides accredited investors additional portfolio diversification with higher-than-market return potential, while giving shareholders options for exits.
“One of the main drawbacks of private company investing is that you require a very large cheque size, and you typically need to hold the investment for five years or more,” explains Choo.
“With 1exchange, we really want to open up the private equity market to a greater investment community. So instead of requiring a large investment size, we fractionise it so more investors can buy in. On top of that, we wanted to create an exchange where investors can buy and sell, so they are not stuck with something that they may have to hold for five years or longer.”