As published on Business Times. 

HG Exchange (HGX) has graduated from the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox with a Recognised Market Operator (RMO) licence, it said in a press statement on Wednesday.

With the RMO licence, HGX can now support the issuance and trading of both digital and non-digital capital market products.

The member-driven private securities exchange entered MAS’s fintech regulatory sandbox in June last year to test a marketplace for private-company shares. It then began trading three months later.

Read the full article here.

Photo: Hg Exchange