Binance and CapBridge Financial sign MoU to Build Strategic Partnership
Binance today announced the signing of a Memorandum of Understanding (MoU) to build a strategic partnership with CapBridge Financial.
Singapore-headquartered CapBridge is a leading online integrated private markets platform regulated by the Monetary Authority of Singapore (MAS). The platform comprises two arms: global online investment syndication and 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.
1X, a member of CapBridge, is a MAS-regulated private securities exchange and is 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,” said Binance CEO Changpeng Zhao. “We are looking forward to building a long-term partnership with CapBridge to diversify our offerings for users.”
“We are excited to cooperate with Binance and believe that there will be a synergy through the partnership,” said CapBridge CEO Johnson Chen. “Our fully licensed platform will offer new opportunities for eligible Binance users to grow their portfolios further.”
1X CEO Haiping Choo said, “The vision of 1X is to be the preferred, reliable, and regulated platform for companies and investors to list and trade private securities in a fair, transparent, and orderly manner. This partnership is part of our continual effort towards achieving our vision.”
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