Temasek-backed venture debt fund tokenises on ADDX
The fund offers exposure to Southeast Asia-headquartered start-ups via the digital exchange, with commitments starting from $20,000.
Tekef
The fund offers exposure to Southeast Asia-headquartered start-ups via the digital exchange, with commitments starting from $20,000.
December 13, 2022
Singapore-headquartered digital securities platform, ADDX, has fractionalised a Southeast Asia-focussed venture debt fund. Availability on the blockchain-enabled exchange democratises access to the strategy, by reducing the fund’s minimum subscription size from $5 million, to just $20,000.
The investment vehicle, Innoven SEA Fund I, is managed by Innoven Capital, a joint venture JV between Temasek subsidiary, Seviora, and Singapore-headquartered United Overseas Bank UOB.
Anchored by an aggregate $50 million commitment from the JV, the fund is one of three country-specific strategies managed by the general partner GP, Paul Ong, partner at Innoven Capital, told FinanceAsia. The others focus on India and China...
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