The private exchange Hg Exchange (HGX), which is run as an alliance of the financial intermediaries PhillipCapital, PrimePartners, and Fundnel, aims to provide a secure and efficient environment for cross-border listings and trade of digital and non-digital capital market products.
Public stock exchanges are not the best platforms to distribute capital efficiently from capital providers to companies (and investors), says Kelvin Lee, co-Founder and CEO of Fundnel who also serves as an advisory board member of HGX. They are also unable to meet the capital requirements of SMEs. “Closing the gap for this underserved segment is what we hope to do here with Hg Exchange,” he said in an interview that appeared in DealStreetAsia’s recent report, SE Asia Private Marketplaces 2020, where private marketplaces are examined in depth.
Edited excerpts of the interview with Lee, where he discusses the role of private exchanges and how they serve the next generation of entrepreneurs, and not just the Grabs and Gojeks of the world:-
