What Intraco does

Intraco Limited (SGX: I06) is a Singapore-listed investment holding company operating since 1968, structured as a diversified multi-business platform across five segments. Intraco Trading handles plastic resin and petrochemical distribution, complemented by Tradetok, a digital trading platform launched to digitize the legacy commodity trading business. The iChange segment operates as a Singapore MAS-licensed Major Payment Institution providing currency exchange, multi-currency wallets, and remittance services, expanded in January 2026 by the acquisition of SlideSG Pte. Ltd., another MAS-licensed Major Payment Institution. Taurus Point Capital, operating under the Provenance Treasures brand, runs a blockchain-based platform for tokenization of commercial papers and other digital securities, with active issuance across a D019-D030 series. Intrawave provides mobile radio infrastructure services to all three Singapore mobile network operators (StarHub, Singtel, M1).

The company generates revenue through a mix of pass-through commodity trading volumes (low-margin), regulated payments and remittance fees, infrastructure services fees from telecom operators, and digital securities issuance and servicing fees. Customer segments span B2B commodity buyers, retail and SMB remittance users, Singapore mobile network operators, and accredited/institutional investors in tokenized securities. Geographic focus is concentrated in Singapore with broader Southeast Asia exposure.

Headcount is reported at 51-100 employees. Governance signals in 2026 have been mixed, with a disclosed misappropriation-of-funds incident in April 2026, a force majeure invocation in March 2026, and concurrent share buyback and dividend distribution activity. The company continues to position itself as a diversified platform pivoting into digital assets and fintech, while retaining legacy trading and infrastructure operations.

Name

Intraco

Legal name

Intraco Limited

Website

https://intraco.com.sg

Company type

Public

Founded year

1970

Operating status

Operating

Headcount range

51–100 employees

Short description

Intraco Limited (SGX: I06) is a Singapore-listed diversified holding company operating across petrochemical trading (Intraco Trading, Tradetok), MAS-licensed payments and remittances (iChange, SlideSG), digital securities tokenization (Provenance Treasures), and telecom infrastructure services (Intrawave) for Singapore carriers.

Ownership category

akta.pro rank

Product category

Diversified Trading and Financial Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160), Securities and Commodity Exchanges (523210), Miscellaneous Intermediation (52391)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB)

akta.pro secondary industry

Single-Dealer Platforms (Multi-Asset) (FSAFAEAG)

Keywords

• Plastic resin trading
• Petrochemical distribution
• Payment institution services
• Digital asset tokenisation
• Telecom infrastructure services

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Trading and Supply Chain Solutions: Revenue from trading and distribution of plastic resin and petrochemical products, providing customised trade and supply chain solutions and financing services
2. Payment Services: Revenue from currency exchange, multi-currency wallets, remittances, and digital money-management services as a Singapore licensed major payment institution
3. Digital Assets and Tokenisation: Revenue from arranging tokenised assets such as short-term commercial papers, offering strategic advisory services to listed and unlisted corporates and accredited investors
4. Telecom Infrastructure Services: Revenue from specialised design, building and maintenance of radio coverage infrastructure for mobile network operators

Distribution channels4 records

Marketing channels4 records

Core offering

Intraco Limited is a Singapore-based diversified holding company that operates across five business segments: (1) Intraco Trading — wholesale trading and distribution of plastic resin and petrochemical products with supply chain solutions; (2) Tradetok — a digital trading platform for plastics and petrochemicals; (3) iChange — a Singapore-licensed major payment institution providing currency exchange, multi-currency wallets and remittances; (4) Taurus Point Capital / Provenance Treasures — digital asset tokenisation and professional advisory services for commercial papers; and (5) Intrawave — mobile radio infrastructure design, build and maintenance services for telecom operators.

Product overview

Intraco Limited operates a diversified multi-business platform consisting of five distinct products and services: (1) Intraco Trading — the core trading and distribution business dealing in plastic resin and petrochemical products with associated supply chain solutions and financing; (2) Tradetok — a digital trading platform supporting the trading operations; (3) iChange — a Singapore-licensed major payment institution offering currency exchange, multi-currency wallets, and remittance services; (4) Taurus Point Capital / Provenance Treasures — a digital assets and tokenisation business arranging tokenised commercial papers and providing advisory services; and (5) Intrawave — a mobile radio infrastructure service provider handling design, building, and maintenance of telecom infrastructure. The portfolio spans physical commodities trading, digital financial services, and telecommunications infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• Intraco Trading: Established trader and distributor of plastic resin and other petrochemical products and provider of customised trade and supply chain solutions and financing services.
• Tradetok
• iChange
• Taurus Point Capital
• Provenance Treasures
• Intrawave

Products and services

• Intraco Trading Wholesale trading and distribution of plastic resin and petrochemical products with integrated supply chain solutions, targeting industrial buyers and converters.
• Tradetok Digital trading platform for plastic resin and petrochemicals, enabling online transactions and broader market access for trading customers.
• iChange MAS-regulated major payment institution providing currency exchange, multi-currency digital wallets and cross-border remittance services for businesses and consumers.
• Taurus Point Capital / Provenance Treasures Digital asset and tokenisation services including tokenisation of commercial papers, supported by professional advisory services for corporates and accredited investors.
• Intrawave Mobile radio infrastructure services including design, build and maintenance for telecommunications network operators.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• SlideSG Pte. Ltd.minorOthers · 2 January 2026Intraco completed investment in SlideSG Pte. Ltd., a licensed major payment institution in Singapore. This represents Intraco's expansion in the payment services sector through strategic investment.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Securitize: Global digital securities issuance and tokenisation platform serving corporates and fund managers. Comparable to Taurus Point Capital's role in arranging tokenised commercial papers and providing strategic advisory around digital assets.
• Airspan Networks: Specialised provider of 4G/5G radio access and small-cell infrastructure solutions for mobile operators. Comparable to Intrawave's specialised radio coverage infrastructure work for StarHub, Singtel and M1.
• Liquid Group (formerly Quoine): Singapore-licensed digital asset trading and payments platform with multi-currency wallet and FX capabilities. Comparable to iChange/Tradetok and SlideSG's licensed payment services, FX and digital wallet offerings.

Broad incumbents

• Indorama Ventures: One of the world's largest PET and petrochemical producers with a global trading footprint. Comparable to Intraco Trading's petrochemical products trading and supply chain solutions business.
• Nium (formerly Instarem): Singapore-headquartered cross-border payments platform licensed in multiple jurisdictions, offering remittance, FX, and card issuance. Comparable to Intraco's iChange and SlideSG payment-services franchises serving business and individual cross-border payment needs.
• CommScope: Global provider of network infrastructure including indoor and outdoor wireless coverage solutions. Comparable to Intrawave's design, build, and maintenance of radio coverage infrastructure for mobile network operators.

Regional players

• Hengyi Industries: Asia-based integrated petrochemical refining and trading group active in plastic resin and aromatics. Comparable to Intraco Trading's petrochemical trading and distribution activities in the regional petrochemical value chain.

Direct peers

• Taurus Point Capital / Provenance Treasures: Actually a subsidiary of Intraco, but the underlying comparable peers for the digital securities tokenisation business in Singapore include platforms like ADDX, STACS, and DigiShares, which offer tokenised commercial papers and digital asset issuance to corporates and accredited investors — the same customer base and use case as Taurus Point Capital.
• ADDX (formerly known as ADDX): Singapore-based MAS-regulated digital securities exchange for private market and structured products, including tokenised debt instruments. Directly comparable to Taurus Point Capital in arranging tokenised commercial papers and other short-term instruments for corporates and accredited investors.
• STACS (Hashstacs Pte Ltd): Singapore-based digital market infrastructure operator for tokenised securities and sustainable finance. Comparable to Taurus Point Capital's role as a Singapore tokenisation arranger serving financial institutions and corporates.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/intraco-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors

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 Intraco