Singapore's Digital Asset Exchange (SDAX), as the platform is known, is launching a short-term financing tool designed to help a firm cover working capital and other immediate needs.
Such tools – called commercial paper in financial circles – are usually offered only to institutional and accredited investors.
But SDAX aims to raise up to $1 million by selling the product to retail investors. The funds will then be used by Intraco, the Singapore Exchange-listed trading company that is issuing the commercial paper.
The product is for three months and will pay an interest rate of 3.85 per cent a year. The offer closes on Nov 28.
Retail investors who create an account on SDAX can buy a slice of the commercial paper in the form of tokens, with each one requiring a minimum investment of $1,000.
Investors have to buy only one token to take part in the product, making this an easily accessible option for retail investors, SDAX said.
Diese Geschichte stammt aus der November 22, 2024-Ausgabe von The Straits Times.
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