In today’s briefing:
- Oman firm leads US$50M financing round of Singapore’s digital asset exchange SDAX | e27
Oman firm leads US$50M financing round of Singapore’s digital asset exchange SDAX | e27
- Singapore-headquartered digital asset exchange SDAX has closed its US$50 million Series B2 funding round led by Oman-based Muscat Precious Metals Refining Company.
- This follows a US$18 million Series B round in 2021 led by PSA International, Straits Trading Company, and New Horizon Global.
- The new funds will be used for client acquisition and adding new business lines, such as wealth and fund management.
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