Private Market Exchange ADDX Eyes Expansion in Key MENA Markets

SGX-backed ADDX is planning expansion in key Middle East regions to bridge the gap between private companies seeking financing and capital providers.  

Enabling the increased flow of capital across private markets can potentially help the region's markets become more attractive investment destinations for highly sought-after startups in strategic priority sectors, notes ADDX. 

By expanding into the MENA region, ADDX will expand access to strategic growth capital for pre-IPO companies not only from local market financial institutions and investment funds but also from funds across Asia and key financial markets worldwide.  

At the same time, it will open up new investment opportunities in high-growth companies across Asia for local fund managers while strengthening the economic link between Asia-Pacific (APAC) and MENA economies. 

Mr Danny Toe, founder and Group Chief Executive Officer of ADDX, said, "The ability to safely and securely open private markets to capital investment presents tremendous opportunities for governments and regulatory bodies to add to the financial infrastructure of the regions. It offers the ability to strengthen the economic connection and flow of investment capital between key APAC and Middle Eastern markets while fostering the growth and expansion of strategically important MSMEs across the region." 

Mr Manuel Jaeger, Head of Business Development at ADDX, said, "The rise of blockchain-powered platforms has changed the game and transformed how investors view private market investing. Our next step is to replicate in MENA the approach we have taken in Asia-Pacific. This involves working closely with financial institutions, regulators and government organisations as well as leaders across the Middle East region to create an open flow of capital across private markets for the long-term benefit of investors, private companies and the global economy."