Singapore-based fintech agency FOMO Group has introduced Singapore Trade (SGX Group) on board as a shareholder, including to its roster of blue-chip traders. Monetary phrases of the deal weren’t made public.

The transfer follows SGX Group’s earlier investments in CapBridge and 1exchange, which sit underneath the FOMO Group umbrella.

FOMO Group, based in 2015, spans digital funds, cross-asset funding, tokenisation of real-world belongings and digital capital markets infrastructure.

It owns three licensed monetary establishments that function independently: FOMO Pay, CapBridge and 1exchange.

FOMO Pay is a significant fee establishment licensed in Singapore, Hong Kong and the United Arab Emirates, offering world assortment and payout options.

CapBridge gives digital funding merchandise throughout funds, bonds, equities and insurance coverage, whereas 1exchange focuses on the tokenisation and buying and selling of real-world belongings.

SGX Group grew to become a shareholder by means of a share change.

FOMO Group stated SGX Group’s expertise in capital markets enhances its personal capabilities in areas corresponding to tokenised asset listings, stablecoin-based settlement, digital capital markets infrastructure and cross-border market connectivity.

Louis Liu, Group CEO of FOMO Group, stated,

“We’re excited to welcome SGX Group as our latest shareholder. This represents a vote of confidence in our technique and a chance to collaborate with SGX Group, Asia’s main and trusted securities and derivatives market infrastructure.

SGX Group’s deep experience in capital markets, mixed with our complete digital finance capabilities, will unlock new prospects for our retailers, corporates, and institutional shoppers.”

Amit Kedia, Govt Director, Finance and Company Improvement, SGX Group, stated,

“In a area quickly embracing digital finance, there’s a rising want for innovation that strengthens the belief and resilience of our market infrastructure.

This presents alternatives for regulated interoperable options that improve connectivity and effectivity throughout the ecosystem. FOMO Group helps to construct the muse for the subsequent era of digital finance – seamless, safe and borderless monetary experiences throughout the area.”

Featured picture: Edited by Fintech Information Singapore, primarily based on picture by brilian through Freepik