Singgapore Capital Market Platform ADDX Recognizes Crypto for Accredited Investors

Singapore capital market platform ADDX announced that it has become the first financial institution in the country to recognize cryptocurrency for the purposes of onboarding accredited investors. ADDX will recognize $BTC, $ETH and $USDC as net personal assets. One of three criteria qualify an investor for such a status in Singapore including if their income in the previous 12 months exceeds SGD 300,000 (US$218,000), or their net worth of financial assets exceeds SGD 1 million (US$727,000). A third option, that an individual’s personal assets exceed SGD 2 million (US$1.45 million), also counts.