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Singapore’s CapBridge Selected as International Partner for Hong Kong Virtual Asset ETFs
SINGAPORE, May 7, 2024 /PRNewswire/ — On 30 April, the Hong Kong Stock Exchange officially listed the first batch of spot virtual asset ETF products issued by Bosera Asset Management, China Asset Management, and Harvest Global Investment. CapBridge, a digital wealth management platform under the FOMO Group, announced its selection as the international partner for Hong Kong virtual asset ETFs, aiming to provide compliant, secure, and reliable digital asset investment access for corporate and institutional investors.
Johnson Chen, Founder and CEO of CapBridge, congratulated Bosera Asset Management, China Asset Management, and Harvest Global Investment on the successful listing of the virtual asset spot ETFs. He said, “As a Singapore-based financial institution with a global perspective, CapBridge has always been closely attentive to Hong Kong’s strategic development in the digital asset field. We are honored to deepen our collaboration with various industry partners, working hand in hand to build a robust virtual asset investment ecosystem and drive innovation in the Asia digital asset market.”
In April 2024, CapBridge partnered with Moomoo Singapore, allowing CapBridge’s clients to directly invest in stocks, ETFs, and funds offered by Moomoo via the CapBridge platform, including US virtual asset ETFs and other global virtual asset ETFs. The new Hong Kong virtual asset ETFs would offer investors further access and choices. CapBridge is committed to providing investors with a one-stop investment service platform, meeting clients’ diverse asset allocation needs while upholding regulatory and compliance standards.
CapBridge has remained steadfast in driving developments and fostering innovation in asset markets. Looking ahead, CapBridge will continue to collaborate with global industry partners to bridge both traditional and digital assets for investors, laying the foundation for a more inclusive and dynamic financial future.
About CapBridge
CapBridge, a member of FOMO Group, is a leading digital wealth management platform headquartered in Singapore. As a Capital Markets Services licensee, CapBridge is regulated by the Monetary Authority of Singapore (MAS) to deal in capital markets products, including securities and collective investment schemes, and provide custodial services. It is also an exempt financial adviser licensed to issue or promulgate analyses and reports on investment products.
CapBridge enables HNWIs and institutional clients to invest in traditional and digital assets via its one-stop digital investment platform, providing highly curated, top-quality, and institutional-grade opportunities to meet clients’ diverse asset allocation needs.
For more information, please visit www.capbridge.sg. For media inquiries, please contact [email protected].
This advertisement has not been reviewed by the Monetary Authority of Singapore.
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View original content:https://www.prnewswire.co.uk/news-releases/singapores-capbridge-selected-as-international-partner-for-hong-kong-virtual-asset-etfs-302137017.html
Latest News
eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/ewtp-arabia-capitals-technology-fund-i-recognized-as-top-performing-vc-fund-in-the-preqin-league-tables-302149554.html
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