SGX-backed private market exchange ADDX lists its first cryptocurrency product

PRIVATE market exchange ADDX has listed a digital asset fund from investment manager Trovio Capital Management (TCM) as its first cryptocurrency product for its accredited investors.

ADDX said the fund has institutional-grade safeguards when it comes to trade execution and custody of the fund's underlying digital assets.

The TCM Digital Asset Fund takes what are described as "core positions" in Bitcoin and Ethereum. An ADDX spokesperson told The Business Times that the current core position in Bitcoin and Ethereum is at around 60 per cent of the portfolio.