Binance invests in private exchange for token assets

“Through this investment, we seek to work with HGX in enhancing offerings of products and services supported by blockchain technology,” said Binance Singapore chief executive officer Richard Teng. Financial offerings in the traditional form and crypto assets are converging, Teng said

SINGAPORE: Binance Asia Services, the Singapore entity of Changpeng Zhao, says it made an investment in a regional private securities exchange called Hg Exchange (HGX) that gives it a post-money stake of 18%.

“Through this investment, we seek to work with HGX in enhancing offerings of products and services supported by blockchain technology,” said Binance Singapore chief executive officer Richard Teng.