The Zilliqa and MaiCoin teams intend to launch a centralized Hg Exchange exchange for trading tokenized traditional assets in the Singapore jurisdiction. According to the developers, this will be the first partner-driven trading platform in Southeast Asia.
Note that the Hg Exchange is supposed to be a full-flaged solution for issuers of tokens, buyers / sellers and broker-dealers, providing access to securities and security tokens.
It is envisaged that Hg Exchange will provide access to high-growth startups and also decacorns [companies valued above $10 billion] such as Uber, Airbnb, Space X, Grab and Didi Chuxing, which are currently not within reach of the average investor.
The tokenization of securities will take place on the Zilliqa blockchain; the launch of main network is scheduled for January 31. Zilliqa ICO ended almost a year ago.
The exchange has already signed a letter of intent with Phillip Securities, PrimePartners, RHT Capital and Fundnel.
At the same time, all partners of the site must be licensed by the Monetary Authority of Singapore (MAS), and the trading platform itself will join the sandbox department.