Singapore leads the next megatrend in markets
Some believe tokenised securities are the next megatrend of global capital markets because of the opportunity to digitise assets on a blockchain. At this stage, it looks like Australia will be missing in action.
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It says a lot about Australia’s lack of leadership in digital finance that entrepreneur Julian Kwan is based in Singapore, where his tokenised securities trading platform is licensed by the country’s central bank.
The company co-founded by Kwan, InvestaX, is one of many companies based in Singapore involved in digital securities trading, cryptocurrencies and decentralised finance operating under the supervision of the Monetary Authority of Singapore.
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