Global private capital platform CapBridge, today announced that it has received approval from the Monetary Authority of Singapore (MAS) for its associated entity, CapBridge Platform Pte. Ltd., to operate a securities exchange known as 1exchange (1X) as a Recognised Market Operator (RMO) in Singapore.

CapBridge and Ethereum blockchain technology studio ConsenSys are working to develop a fully compliant private securities exchange built on the public Ethereum blockchain. In due course, this regulated and secure exchange will offer services that include the listing and trading of security tokens.

Together, CapBridge and 1X will provide growth companies with a holistic private capital raising environment. These companies include private operating companies seeking capital, or preparing for liquidity events; late-state, venture-backed companies with shareholder and employees seeking to monetize their shareholdings; and family-owned businesses seeking to diversify shareholder base or planning for management transitions.

The 1X private exchange structure is designed to catalyze liquidity for private companies, prior to an exit event such as an IPO or an M&A situation. Companies listed on 1X remain private with more control, greater flexibility and lower costs compared to a public listing.