The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
Published Wed, Nov 3, 2021 · 03:09 AM

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.

Cryptocurrencies

TRENDING NOW

Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

Those whose employers actively discourage the use of AI at work have the lowest mental health score.

Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More