# SDAX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sdax

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.sdax.co
- Total disclosed funding: $48M
- Latest round: Series B (Dec 15, 2021)
- Investors on record: 5

## About

Based in Singapore and founded in 2016 and led by Chief Executive Officer Rachel Chia, SDAX Capital Markets Pte. Ltd. operates as a digital asset exchange company providing financial insights such as institutional-grade investment opportunities. In September 2024, Muscat Precious Metals Refining Company LLC led a USD 50 million in venture funding for SDAX.

SDAX Capital Markets Pte. Ltd. developed a mobile application platform for smartphone users, that allows them to invest directly in tokens for the financial industry. Its platform provides various investment options such as private equity, private credit, funds, real estate, ESG impact, and alternative investment. The company’s platform offers liquidity through the buying and selling of digital assets and tracks past investments, and real assets for trading on blockchain. In addition, the firm provides a variety of services such as art financing, aircraft and yacht leasing, collateralized crypto lending, margin loans, portfolio financing, co-investment, and ESG transformations.

The company plans to use the funding from September 2024 for the expansion of SDAX’s ecosystem, with a strong emphasis on client acquisition and the introduction of additional business ventures such as wealth and fund management services. This initiative will act as a vital gateway to the GCC and African markets while linking Oman to global liquidity networks.

## Funding rounds

- Series B, Dec 15, 2021, $48M — New Horizon Capital, Straits Trading Company, RHT Holdings Pte. Ltd., PSA International Pte Ltd, Hydra X

## Investors

- New Horizon Capital — Series B
- Straits Trading Company — Series B
- RHT Holdings Pte. Ltd. — Series B
- PSA International Pte Ltd — Series B
- Hydra X — Series B