SGX-backed ADDX launches private market services for wealth managers; StashAway and CGS-CIMB among first on board

Apr 12, 2022 Hubbis

SGX-backed digital securities exchange ADDX has launched private market services for wealth managers, under a new product line called ADDX Advantage.

ADDX has thus far given individual accredited investors a platform to accumulate a diversified private markets portfolio.

Now, ADDX is expanding its approach to tailoring private markets for more efficient access to partners in the wealth management space.

There are two main services under ADDX Advantage - institutional services and corporate services

Institutional services:

Wealth managers can either execute trades and perform fund transfers on behalf of end-investors, or create sub-accounts in their end-clients’ names and allow the clients to take control of their own activity on ADDX
Operates under a B2B2C model that ultimately benefits the wealth manager’s end-clients, who may be individual accredited investors or corporate investors
StashAway, Southeast Asia’s fastest growing digital wealth manager, and CGS-CIMB, a leading securities brokerage in Asia, have already come on board as partners
Allows these wealth managers to introduce more of their end-investors to the world of private investments and offer them fractional access to such products, which better enhances portfolio diversification away from public markets exposure
Designed for brokerages, private banks, external asset managersand multi-family offices

Corporate services:

Designed for institutional investors, as well as businesses investing their own capital, such as corporate treasuries and family offices
Operates under a B2B model