Singapore-based blockchain technology developer Zilliqa has partnered with Taiwanese token exchange MaiCoin to launch Hg Exchange, Southeast Asia's inaugural security token exchange platform for trading digitally issued securities from private companies.
Key Features of Hg Exchange
- Target Market: Focuses on institutional and accredited investors initially
- Investment Opportunities: Provides access to Southeast Asian "decacorns" (private firms valued over $10B)
- Future Accessibility: Plans to include non-accredited investors later
- Blockchain Integration: Uses Zilliqa's network for security token offerings (STOs) and trading
👉 Discover how security tokens are revolutionizing private markets
About Zilliqa
Zilliqa's core product is a public blockchain that uses sharding technology to handle high transaction volumes. Key aspects:
- Currently transitioning from testnet to mainnet
- Enables scalable security token issuance
- Provides enterprise-grade blockchain solutions
"Hg Exchange exemplifies how Zilliqa collaborates with industry leaders to drive innovation in traditional sectors," said Xinshu Dong, CEO of Zilliqa.
About MaiCoin
Taiwan's leading token exchange brings crucial components to Hg Exchange:
- Trading Infrastructure: Advanced matching engine and order book
- Security Features: Multi-factor authentication and transaction signing
- User Experience: Intuitive interface design
"The intersection of blockchain technology with traditional assets like private equity promises to globalize and liquefy previously illiquid assets," noted Alex Lie, MaiCoin CEO.
👉 Learn about Asia's growing blockchain ecosystem
Regulatory Progress
The Monetary Authority of Singapore (MAS) is expected to approve Hg Exchange for its FinTech Regulatory Sandbox, which would:
- Establish a regulated STO platform
- Provide temporary regulatory relief for innovation
- Maintain consumer protection safeguards
MAS states: "The sandbox allows financial tech participants to experiment with innovative products in a production environment under defined parameters."
Founding Investor Members
Four companies have signed Memorandums of Understanding as initial investor-members:
- Phillip Securities
- PrimePartners
- RHT Capital
- Fundnel
FAQ Section
What makes Hg Exchange unique?
It's Southeast Asia's first dedicated security token exchange focusing on high-value private companies, combining Zilliqa's blockchain infrastructure with MaiCoin's exchange expertise.
Who can invest initially?
Only institutional investors and accredited individuals during the initial phase, with plans to expand access later.
How does blockchain benefit security tokens?
Blockchain enables fractional ownership, improved liquidity, automated compliance, and global accessibility for traditionally illiquid assets.
What types of assets will be traded?
The exchange will focus on digital securities from Southeast Asia's most valuable private companies, including potential future offerings from regional unicorns.
When will regulatory approval be finalized?
While MAS approval is anticipated soon, exact timelines depend on the sandbox evaluation process and compliance requirements.
How does this compare to traditional exchanges?
Hg Exchange combines the regulatory oversight of traditional securities markets with blockchain's efficiency advantages, creating a hybrid model for private market trading.