Singapore – IC SG Pte. Ltd., (doing business as InvestaX), a leading tokenization Software-as-a- Service (SaaS) platform licensed by the Monetary Authority of Singapore, and Vayana Network Pte. Ltd., India’s leading fintech company in supply chain finance, today announced a strategic partnership during the Singapore Fintech Festival, 2023. This partnership aims to revolutionize the availability of debt-based financial products.
Under this groundbreaking alliance, InvestaX will leverage its robust real world asset capabilities in the regulated space such as capital markets, securities and skills to run financial service tech platforms while Vayana will bring its extensive experience in Real World Assets B2B Technologies, Trade Finance guidance, knowledge about markets - various segments such as SME and also credit risk consultancy to the table. This synergy is expected to lead to offering innovative debt-based products that cater to the evolving needs of the Singapore/other APAC markets.
The collaboration is set to focus on a series of objectives and activities outlined in a shared vision for the future which involves a possible joint tokenization play leveraging each other's technologies. Both InvestaX and Vayana are committed to working closely to realize these goals- through technological innovation, and knowledge & legacy experience in capital markets & trade finance structures.
While this partnership marks a significant step forward in the financial sector, it is also a testament to the growing synergy between Singapore's and India's fintech landscapes benefitting ultimately the whole of APAC. Both InvestaX and Vayana are poised to set a new standard for financial collaborations, aiding not only their respective clientele but also the broader financial community in Singapore and beyond.
Further details about the collaboration, including specific initiatives and projects, will be shared in due course.
Founded in 2015, InvestaX is the leading Licensed Tokenization Software-as-a-Service (SaaS) Platform in Asia, licensed by the Monetary Authority of Singapore with a Capital Markets Service License (CMSL) and Recognized Market Operator (RMO) License for dealing in and trading Real World Asset Tokens (RWA) and Security Token Offerings (STO) for global offerings and investors. InvestaX’s sister platform, IX Swap offers the world’s first automated market maker (AMM) for security tokens and real world asset tokens. Both InvestaX and IX Swap are early pioneers in the use of blockchain technologies to develop leading infrastructure connecting traditional finance (TradFi) and decentralized finance (DeFi) legally and compliantly.
Vayana is amongst India’s largest fintech companies specializing in supply chain finance & other B2B credit solutions. With a focus on trade compliance for various tiers of supply chains, Vayana has established itself as a leader in the fintech space. Vayana has launched a division “Emerging Tech Platforms - ETP” just to focus on new-age tech & emerging domains across global markets. Vayana’s mission is to democratise the access to trade finance to the smallest of enterprises. Vayana’s “VDP - Vayana Debt Platform” SaaS would be at play here in collaboration with InvestaX
Company Name: Vayana
Contact Person: Manish Gadia