SDAX Completes USD$50M Series B2 Round With Muscat Precious Metals Refining Company
· MPMR is the premier precious metals refinery in Oman · Funds raised will go towards expansion plans in Asia and the Gulf Cooperation Council region (“GCC”) SDAX , Singapore’s Digital Asset Exchange, is pleased to announce the successful closing of its US$50 million Series B2 funding round led by the Oman-based Muscat Precious Metals Refining Company LLC (“MPMR”). This follows a US$18 million Series B funding round in 2021 led by PSA International, Straits Trading Company, and New Horizon Global. They joined existing shareholders: ESR, RHT and Crazy Goats, supporting SDAX’s mission to empower investors with access to private markets and alternative investment opportunities. The funds raised will accelerate the expansion of the SDAX ecosystem on several fronts, chief among them is the focus on client acquisition and the inclusion of other business lines such as wealth and fu...