Binance Asia Services, the Singapore entity of Changpeng Zhao, said that they are going for an investment in a regional private securities exchange called Hg Exchange, which will offer a post-money stake of 18%.

Richard Teng- Binance Singapore Chief Executive leader states, " With this investment, we aspire to work with HGX for intensifying offerings of products and services supported by blockchain technology."
<h2>Binance Invests in Hg Exchange </h2>
Teng commented, "Financial offerings in the traditional form and crypto assets are coinciding." Evaluating post-money is the firm's validity which counts in outside investment.

Binance's post in HGX which is situated in Singapore and funded by PhillipCapital and PrimePartners Group offers access to the crypto firm as a regulated market operator. This is possible because HGX is permitted to trade shares in private companies, and tokenized assets counting in rare whiskey. At present, Binance Asia aspires to get a license to manage a cryptocurrency exchange from the Monetary Authority of Singapore.

The firm's website claims, "PhillipCapital is among the major<a href="https://www.bloombergquint.com/onweb/binance-singapore-takes-18-stake-in-licensed-private-exchange"> brokerage</a> corporations in Singapore and governs over $35 billion of clients' assets." PrimePartners Group is concerned about fund management and capital markets. Fundnel, another stakeholder of HGX, is a financing platform for trading private company shares along with fundraisings.
<h2>Subject to Regulatory Requirements </h2>
<a href="https://www.cryptoknowmics.com/news/binance-plans-to-become-registered-crypto-firm-in-the-u-k/">Binance</a> said, "The HGX investment is subject to regulatory requirements." "Binance Singapore works in association with a prime government firm with the goal to help the growth of the blockchain ecosystem," said Teng – the chairman of HGX before acquiring the leadership of Binance Asia in August.

A few days back, Zhao addressed Bloomberg saying, "Binance has planned on a location for its global headquarters &amp; it'll soon communicate with regulators."

Binance Holdings Ltd. was launched in China in 2017. Up till 2021, it hasn't set up a global base. Rather, Zhao has combined firms in locations where Binance operates.

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Binance Invests in Singapore Private Exchange for Token Assets

Binance Asia Services - the Singapore organization of Changpeng Zhao said, "We have made an investment in a provincial private securities exchange known as Hg Exchange that offers a post-money stake of 18%.

Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.

Binance Invests in Singapore Private Exchange for Token Assets

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