CapBridge Gets Green Light from MAS to Operate Private Securities Exchange

Singapore-based fintech firm CapBridge announced on Thursday that it had received the green light from the Monetary Authority of Singapore (MAS) for its related entity CapBridge Platform. The approval means that CapBridge Platform’s exchange, called 1exchange (1X), can operate as a securities exchange under the status of a Recognised Market Operator (RMO). The exchange will be developed by CapBridge on the public Ethereum blockchain in collaboration with ConsenSys. According to CapBridge, 1X will be a fully regulated and secure platform that will also host services like listing and trading of security tokens.

In June of this y…

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