Hg Exchange aims to be Southeast Asia's first member-driven exchange

3 Things You Should Know About Hg Exchange

1
Hg Exchange aims to be Southeast Asia's first member-driven exchange
Hg Exchange is a joint venture with Singapore-based private investment platform Fundnel and digital asset exchange platform, MaiCoin. With the aim of becoming Southeast Asia's first member-driven exchange, Hg Exchange counts Fundnel, PrimePartners, and PhillipCapital as its founding members. Through them, the platform offers accredited and institutional investors investment opportunities in equity of private companies, including unicorns, decacorns and high-growth private companies such as Grab, Go-Jek, and SpaceX.
2
Hg Exchange will make equities trading more efficient and transparent
Hg Exchange is Zilliqa's first enterprise-ready project to use smart contracts to represent digital assets. Through Hg Exchange, we hope to demonstrate how financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable equities trading to be more efficient and transparent.
3
Hg Exchange is expected to be launched within the 2nd Quarter 2020.
Since the original 'expected' project timeline for an 'end Q1' launch of the Hg Exchange was published; the world has unfortunately experienced a global pandemic - triggering economic disarray not seen since the 2008 crisis. Given these significant environmental factors, the project partners have collectively agreed to this timeline revision.

On the positive side, the desired MAS approvals have been granted - and the technical solution can now undergo additional audit, User Acceptance Tests (UAT) and feature improvements. Those interested in joining this groundbreaking project can still join as members, or investors via the hg.exchange website.
It takes three to tango
The first 3 members post-launch will be Phillip Securities, PrimePartners, and Fundnel. All three have signed a memorandum of intent with
Hg Exchange.
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© 2020 Zilliqa Research Pte. Ltd.
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© 2020 Zilliqa Research Pte. Ltd.