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Reading: SDAX Secures $50M to Democratize High-End Investments
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Fintech

SDAX Secures $50M to Democratize High-End Investments

Nicole Kristine Jovero
Last updated: September 21, 2024 12:48 am
Nicole Kristine Jovero
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  • SDAX raises $50M for digital asset exchange expansion
  • Oman-led funding fuels global growth plans
  • Platform offers tokenized gold and diverse investment opportunities

Contents
Singapore’s Rising StarOman Backs the FutureGoing for Gold

Singapore’s Rising Star

SDAX, a Singaporean digital asset exchange, has just closed a hefty $50 million Series B2 funding round.

This regulated platform is on a mission to open doors for investors seeking institutional-grade global opportunities.

Oman Backs the Future

Leading the charge is Oman’s Muscat Precious Metals Refining Company (MPMR), joined by a roster of returning investors.

It’s a strong vote of confidence following SDAX’s $18 million Series B in 2021, which saw big names like PSA International jumping on board.

Going for Gold

SDAX isn’t just talk – they’re innovating. April saw the launch of their securitized gold tokens, allowing investors to slice and dice gold investments backed by real bullion.

But that’s just the tip of the iceberg. From private equity to art, SDAX offers a smorgasbord of vetted investment options.

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