HGX officially awarded with a Recognised Market Operator (RMO) license by the MAS

Hg Exchange (HGX), a private securities exchange formed by an alliance of leading capital market intermediaries, announced today (June 23) that it is now a Recognised Market Operator (RMO) regulated by the MAS!

HGX’s graduation from the MAS Fintech Regulatory Sandbox indicates that HGX has demonstrated compliance with rigorous regulatory requirements and ensured its structure and operations are in accordance with local and international standards and best practices.

Since its inception, HGX has recorded many milestones, including closing its first trade in September 2020 and launching Asia’s first digital whiskey-based asset-backed security in January 2021. Thirteen different products have been successfully listed with a total average monthly trading volume exceeding US$500,000 in the last six months.

Looking to the future, HGX has built a strong product pipeline of capital market products, with funds, loans, luxury assets, and real estate under evaluation for future listing. HGX also plans to onboard more Member Firms, expanding the overall marketplace and ecosystem.

 

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