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.
この記事は The Straits Times の November 22, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は The Straits Times の November 22, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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