KUALA LUMPUR, June 2 (Bernama) — CIMB Bank Berhad (“CIMB Bank”, “CIMB” or “the Bank”) and CapBridge Pte Ltd (“CapBridge”) recently signed a memorandum of understanding (MOU) to facilitate capital raising and trading of shares for private companies through the CapBridge investment platform and the 1exchange (“1X”) private securities exchange. This MOU will see CIMB Bank and CapBridge collaborating to offer the Bank’s customers in Malaysia, Singapore, Indonesia, Thailand and Cambodia access to private capital and liquidity through the holistic CapBridge private capital eco-system.
The CapBridge Investment platform is a private capital raising platform for growth stage and pre-IPO companies; while 1X is a trading platform which facilitates a buyer-seller match for private securities listed on the exchange by using blockchain to register and track the shareholdings of investors who trade on the platform. The wide-ranging partnership provides a unique value proposition to CIMB’s SME and mid-corp clients looking to raise capital and have part of their shares traded, while remaining private and in full control of their businesses.
