ADDX is the latest fintech to compete in the digital lending market with offerings that cater to investors of hedge funds, securities, and companies attempting to reach unicorn status. The Singaporean-based company, which was originally known as iStox, is out to change private lending as it currently stands. The company offers access to a variety of funds that are backed by digital assets, tokens, private equity, and real estate. Most coveted are the ones that cater specifically to US-based unicorns.
The company was founded by Danny Toe and was initially started as a means to create a safe transactional market for Secure Token Offerings (STOs). They are backed by venture capitalist firms JIC Venture Growth Investments, SGX, Hanwha, and Development Bank of Japan. Having reached a valuation of # dollars after rebranding itself, they provide a way for corporate and private investors to cash in, with annual incomes as low as $300,000. ADDX allows minimums of $100 USD to get started, however, most asset classes require initial down payments of $10,000.This comes after achieving a license from the Monetary Authority of Singapore. In upcoming years, the fintech will undoubtedly expand into a whole host of asset classes.
