Blockchain
Singapore’s 1exchange Welcomes Private Direct Listing of HOMEVEST, Malaysia’s Property Investment, Management and Development Company with an AUM of over RM300 million
1exchange (“1X”), Singapore’s first regulated private securities exchange and a member of leading integrated private market ecosystem CapBridge Financial, today announced the direct listing of Homevest SDN. BHD. (“HOMEVEST”), a property investment, management, and development company in Malaysia. With a property portfolio of more than RM300 million, Homevest helps unlock value for their partners and has made home ownership more accessible and affordable through their innovative property solutions.
About 10% of Homevest total shares outstanding were listed on 1X at an aggregate value of S$3m. The seamless 1X listing process was conducted entirely online and facilitated by the CapBridge platform.
Dato’ KY Lim, Group Managing Director of HOMEVEST, said, “Today’s listing on 1X marks a historic milestone for HOMEVEST. It brings us one step closer to achieving our vision of building a world shaped by smart-living communities with close-knit relationships. Over the years, HOMEVEST has seen rapid growth in its property portfolio, investors, and client base. We are looking forward to unlocking more value for our shareholders, partners and homeowners.”
Lim further added, “It is our privilege for HOMEVEST to be listed on 1exchange, the first MAS-regulated private securities exchange in Singapore and a member of leading integrated private market ecosystem, CapBridge Financial. 1X is also widely regarded as the third board in Singapore’s global financial centre. We decided to list in Singapore because it is one of the world’s top financial hubs and is an attractive market due to its competitiveness and reputation in the business environment, human capital, infrastructure and financial sector.”
1exchange Chief Executive Officer, Mr. Victor Chia, said, “We are delighted that Homevest has selected 1exchange as their listing venue. As Malaysia’s business in property investment, management and development, Homevest unlocks value for their partners to make home ownership more affordable and accessible. 1exchange is proud to be a partner to Homevest and we look forward to its continued growth.”
Based in the global financial hub of Singapore, 1X is the first regulated private securities exchange with a Recognised Market Operator licence granted by the Monetary Authority of Singapore (“MAS”). 1X is part of CapBridge Financial, backed by Singapore Exchange (“SGX”), SGInnovate, South Korea’s Hanwha Investment and Securities Co and Hong Kong’s Cyberport Macro Fund.
Mr Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX, added, “A direct listing on 1exchange is a compelling option for many companies building a strategic liquidity pathway to unlock value and support growth. As a regulated private exchange, 1exchange promotes the vibrant trading of private equity in Singapore and supports companies in their growth journey, including towards a potential public offering. My heartiest congratulations to HOMEVEST and we look forward to its continued success.”
This is the fourth direct listing on 1X and its third cross-border listing. The momentous occasion was marked by a virtual gong-striking ceremony, attended by representatives from HOMEVEST, placement agent CapBridge Pte Ltd, trust administrator Equiom Trust Services Pte Ltd, as well as strategic partner and shareholder SGX.
On 1X, private companies and funds have the flexibility to list a portion of their shares in the form of tradeable private equities. A direct listing on 1X enables companies to simply convert their existing shares to tradeable shares, in a cost-effective and efficient manner. This regulated asset class traded on 1X provides investors additional portfolio diversification with private equity returns potential, while giving shareholders options for exits. Click here to view the virtual listing ceremony.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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