Binance teamed up with Singapore-based platform

Additional plans of the partnership will soon be disclosed

Binance

Binance teamed up with Singapore-based platform. Source: binance.com

Binance has signed a Memorandum of Understanding with CapBridge Financial, Singapore’s integrated private markets platform.

CapBridge is regulated by the Monetary Authority of Singapore MAS. The platform comprises 2 arms. The first one is the global online investment syndication. As to the second, that’s a distribution arm that holds a Capital Markets Services License (CMSL), and 1exchange (1X), a private exchange arm that holds a Recognized Market Operator (RMO) license.

A member of CapBridge, 1X, is a MAS-regulated private securities exchange, built on the blockchain. It supports cost-effective private listing for family businesses and pre-IPO companies.

By joining forces with CapBridge, Binance will be able to work with a fully licensed firm to broaden services securing compliance with local regulations. We are looking forward to building a long-term partnership with CapBridge to diversify our offerings for users
Changpeng Zhao, Binance CEO 

For their part, CapBridge CEO Johnson Chen said that the platform will enable “new opportunities for eligible Binance users to grow their portfolios further.”

We’ve reported that an online travel agency enabled crypto payments by partnering with Binance.

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