ADDX

What ADDX does

ADDX (formerly iSTOX) is a Singapore-based digital securities platform that enables the issuance, distribution, and trading of tokenised private market assets. Founded in 2017 and operating with a Capital Markets Services licence and Recognised Market Operator designation from the Monetary Authority of Singapore, the platform is positioned as a regulated on-ramp between issuers of private market instruments and a qualified investor base spanning 50+ nationalities. The platform's product surface covers commercial paper, private credit, private equity, hedge funds, structured products, and tokenised money market funds, and includes a Fixed Income Marketplace and a Multi-Issuer Debt Issuance Programme designed to support recurring programmatic issuance.

The underlying architecture combines proprietary blockchain-based issuance, settlement, and custody infrastructure with ISO 27001-certified security controls. ADDX supports stablecoin settlement and participates in cross-chain initiatives such as Project Guardian alongside ANZ and Chainlink. The platform generates revenue through placement fees on tokenised issuances, recurring platform or servicing fees, and a growing white-label channel that monetises its MAS-regulated technology stack for institutional partners such as Tokai Tokyo Securities. Cumulative transaction volume exceeds SGD 2 billion, with over $1 billion transacted in 2024, and over $700M in digitised commercial paper arranged across its commercial paper programmes.

The business model is a two-sided marketplace: issuers (corporates, asset managers, real estate sponsors) gain access to a distributed, compliance-vetted investor pool, while investors gain fractional access to instruments traditionally restricted to institutional buyers. Strategic partnerships with DBS, SBI, Franklin Templeton, GB Helios, ValueMax, GSH Corporation, Elite Partners Capital, Uni-Fuels, and others have expanded both sides of the marketplace and seeded a white-label distribution channel into Japan, Thailand, and Korea. ADDX has raised approximately $120M in cumulative funding, with a Pre-Series B round totalling $78M supporting its multi-geography, multi-product expansion.

Name

ADDX

Legal name

ADDX Pte. Ltd.

Website

https://addx.co

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

ADDX is a MAS-regulated Singapore-based platform for issuing, distributing, and trading tokenised private market securities — including commercial paper, private credit, and tokenised money market funds — serving qualified investors across 50+ nationalities and institutional issuers seeking compliant digital distribution.

Ownership category

akta.pro rank

Product category

Digital Securities Platform

NAICS

Securities and Commodity Exchanges (52321), Investment Banking and Securities Intermediation (523150), Securities and Commodity Contracts Intermediation and Brokerage (5231), Open-End Investment Funds (525910), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Centralized Crypto Exchanges (CEX) (FSAPADAA)

akta.pro secondary industries

Fixed Income Electronic Trading Platforms (Bonds/Credit) (FSAFANAB), Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG), Index-Tracking Funds, ETPs & Structured Index Products (Crypto) (FSADAHAC), ETF & ETP Market Making / Authorized Participant (AP) Liquidity (FSACANAF)

Keywords

• Digital securities platform
• Private market investments
• Asset tokenization services
• Alternative investments platform
• Structured investment products

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Subscription/Subscription Fees: One-time subscription fees for investments on the platform. No annual management fee charged by ADDX, though product-level management fees and performance fees may apply.
2. Transaction/Trading Fees: Fees charged on secondary market trades and transactions conducted on the ADDX Exchange platform.
3. Platform Services to Issuers: Fees from issuers for listing, capital raising facilitation, and platform services including custody and issuance workflows.
4. White-Label Enterprise Solutions: Technology licensing and implementation fees from institutional clients using ADDX's white-label platform solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels11 records

Core offering

ADDX operates a regulated digital securities platform that enables accredited and institutional investors to access private market investments including commercial paper, private credit, private equity, hedge funds, structured products, and fixed income. The platform combines tokenization, custody, issuance, and secondary trading using proprietary blockchain technology, with investment minimums starting from USD 1,000.

Product overview

ADDX is a Singapore-based digital investment platform operating as a multi-product marketplace for private markets and alternative investments. The platform provides a unified infrastructure combining issuance, custody, and trading through blockchain technology. Key product categories include Commercial Paper (short-term debt, 3-12 months), Private Credit (lending to private companies), Structured Products (customisable risk-return instruments), Private Equity (direct company investment via funds), Hedge Funds (actively managed alternative strategies), and Fixed Income (bond investments). ADDX Advantage provides white-label infrastructure for institutional partners, while the ADDX Exchange enables secondary trading of tokens. The platform targets accredited and institutional investors, offering lower minimums (starting from USD 1,000) compared to traditional private banking, with all operations regulated by the Monetary Authority of Singapore.

Differentiator

Problem solved

Functional benefit

Products and services

• ADDX Platform Core digital investment platform that enables accredited and institutional investors to access private market opportunities including private equity, hedge funds, structured products, and commercial paper with significantly lower minimums, using blockchain technology for issuance, custody, and trading.
• Commercial Paper Short-term corporate debt investment products with 3-12 month tenors and historically 6-9% p.a. yields (up to 10% p.a.), providing access to short-duration debt instruments from established companies for accredited investors.
• Private Credit

Quantifiable outcome

• SGD 2B+ total transactions facilitated on platform
• +5 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and major.

• Tokai Tokyo Securities Co., Ltd.coreOEM/ Whitelabel/ Licensing Partner · 1 March 2026ADDX expanded its partnership with Tokai Tokyo Securities to provide white-label, cloud-native technology solutions enabling institutions to deploy tokenized digital investment platforms with greater speed, flexibility, and capital efficiency. The solution supports tokenisation, custody, issuance workflows, investment lifecycle management, and platform operations.
• GB HelioscoreStrategic or Co-development Partner · 1 December 2025ADDX deepened its partnership with GB Helios in Singapore, facilitating multiple commercial paper issuances. To date, ADDX has arranged over SGD 1.9 billion in commercial paper, supporting Singaporean companies' financing needs. The collaboration aims to expand access to flexible debt financing for high-quality companies.
• Franklin TempletoncoreStrategic or Co-development Partner · 1 November 2025Franklin Templeton and ADDX launched the Franklin OnChain U.S. Dollar Short-Term Money Market Fund on the ADDX platform, approved by MAS. This is the first tokenised fund registered for retail investors in Singapore, providing exposure to short-term U.S. dollar debt instruments via public blockchain technology.
• HinesmajorStrategic or Co-development Partner · 1 October 2025ADDX partnered with Hines, a leading global real estate investment manager, to broaden access to quality real estate opportunities. The collaboration combines Hines' investment management expertise with ADDX's digital platform to expand opportunities in private markets.
• DBScoreStrategic or Co-development Partner · 1 September 2025DBS partnered with ADDX as an issuing partner to distribute tokenised structured notes on the platform. DBS clients traded over US$1 billion of crypto options and structured notes in 1H2025, with plans to tokenise structured notes on Ethereum blockchain.
• Lexington PartnersmajorStrategic or Co-development Partner · 1 May 2025ADDX partnered with Franklin Templeton and Lexington Partners on private equity secondaries, making private equity secondaries more accessible to individual accredited investors in Singapore.
• ANZmajorStrategic or Co-development Partner · 1 November 2024ADDX, ANZ, and Chainlink introduced a new Project Guardian use case with privacy-enabled cross-chain, cross-border connectivity for tokenized commercial paper, highlighting an end-to-end solution to streamline tokenized asset lifecycles.
• ChainlinkmajorTechnology or Integration · 1 November 2024ADDX partnered with Chainlink for Project Guardian, providing privacy-enabled cross-chain connectivity for tokenized commercial paper, helping meet regulatory requirements while maintaining transaction confidentiality.
• iSTOX/iSTOX GroupcoreOthersADDX was formerly known as iSTOX/iSTOX Group. The platform evolved from iSTOX, which was Singapore's first platform to digitise commercial paper since 2017.

Scale indicators12 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Securitize: Securitize is a leading digital securities platform offering tokenization, issuance, and secondary trading for private market securities. It is ADDX's most direct global competitor, named alongside ADDX among the top asset tokenization platforms for 2026.
• Tokeny: Tokeny is a Luxembourg-based tokenization platform enabling financial institutions to issue, manage, and transfer digital securities on blockchain. It competes with ADDX in the institutional white-label tokenization space, particularly in Europe.
• Polymesh: Polymesh is a purpose-built security token blockchain for regulated securities. Like ADDX, it is positioned as infrastructure for tokenized securities issuance and trading, serving a similar institutional client base.
• Taurus: Taurus is a Swiss-based digital asset infrastructure provider offering tokenization, custody, and trading for banks and financial institutions. It is a direct competitor in the regulated tokenized securities space and is named alongside ADDX in the top 2026 tokenization platforms list.

Regional players

• SDAX: SDAX is a Singapore-based digital securities exchange and tokenization platform, often mentioned alongside ADDX in the Singapore market. ValueMax launched commercial paper on both ADDX and SDAX, indicating direct competition for Singapore-issued digital securities.

Emerging players

• Ondo Finance: Ondo Finance is a tokenized fixed income and money market protocol offering institutional-grade yield products on public blockchains. It overlaps with ADDX's structured products and tokenized money market fund offerings (e.g., Franklin OnChain).
• Maple Finance: Maple Finance is a decentralized credit marketplace connecting institutional borrowers with lenders via tokenized private credit pools. It is comparable to ADDX's private credit offerings from a digital asset distribution perspective.
• Centrifuge: Centrifuge is a decentralized asset finance protocol that tokenizes real-world assets (including private credit and receivables) for on-chain financing. It competes in the same tokenized real-world asset space as ADDX, though with a DeFi-native approach.
• DigiShares: DigiShares is a white-label tokenization platform for real estate, private equity, and other alternative assets. It is comparable to ADDX Advantage as a white-label solution targeting issuers and financial institutions.

Broad incumbents

• BitGo: BitGo is a leading digital asset custodian and infrastructure provider (which acquired Harbor, a former security token platform). It provides custody, trading, and tokenization services to institutions — overlapping with ADDX's custody and exchange functions at a larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ADDXco
• Facebookfacebook.com/ADDX.co
• LinkedInlinkedin.com/company/addxco
• Instagramuqr.to/addxinsta

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds7 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ADDX