Singapore Exchange becomes new shareholder of FOMO Group
According to online reports, Singapore financial technology company FOMO Group announced that Singapore Exchange Group (SGX Group) has become a shareholder of the company through an equity exchange. This move expands FOMO Group's blue-chip investor base and strengthens market confidence in its long-term strategy. FOMO Group includes FOMO Pay, CapBridge and 1exchange, and its businesses cover cross-border payments, cross-asset investment and real asset tokenization. SGX Group's shareholding is expected to promote cooperation between the two parties in areas such as digital capital market infrastructure, tokenized asset trading, real-time settlement of stablecoins and cross-border capital market connectivity. FOMO Group said it will work with SGX Group to accelerate innovation and promote the construction of credible, compliant and interoperable financial solutions to further enhance the value and efficiency of the Asian digital financial ecosystem.
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