Digital exchange ADDX appoints CEO

Crypto exchangeADDX, the Singapore-based digital assets exchange aimed at private markets, has named Oi-Yee Choo as its chief executive. The platform, which went live in 2020 with the backing of the Singapore Exchange, was one of the first digital securities ventures to graduate from the Monetary Authority of Singapore’s fintech regulatory sandbox. According to Choo, ADDX is aiming to record US$1 billion in transaction volume by 2023 in a bid to become Asia’s largest private market exchange. “Reaching a critical mass will signal that we are the primary venue for any issuer or investor looking to deal in private market investments,” said  Choo. “It will strengthen our ability to achieve our mission of ensuring fair and equal access to the private markets for all – including, ultimately, retail investors.” Choo, whose appointment is still subject to approval from the MAS, was previously the exchange’s chief commercial officer. Prior to joining ADDX in 2020, she was head of investment banking in Singapore for UBS. © 2022 funds global asia

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