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Income Insurance shares enter private securities exchange through partnership

Digital securities exchange for alternative assets in Southeast Asia, Alta, has partnered with PhillipCapital to launch this new venture.

The Income Insurance Share Liquidity Programme facilitates the trading of shares from Income Insurance Limited, a composite insurer in Singapore. 

Alta, the digital securities exchange for alternative assets in Southeast Asia, has partnered with PhillipCapital to launch this new venture. This marks the largest listing of a non-publicly listed company on a private securities exchange, catering to institutional and accredited investors

AltaX, Alta's exchange arm, and Phillip Securities have collaborated to create a solution for selling unlisted Income Insurance shares. Leveraging PhillipCapital's investor network, the program offers a streamlined process for monetizing shares, accessible through PhillipCapital Investor Centres across Singapore.

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Shares of Income Insurance on AltaX are tradable by a global network of institutional and accredited investors.  AltaX's member-driven exchange model allows brokerages and investors to engage in the shares of a reputable insurance provider in Singapore and the broader ASEAN region. 

The option to tokenize these shares on AltaX's blockchain-powered exchange adds a new dimension to digital asset trading. As private companies opt to stay unlisted for longer periods, Alta and PhillipCapital's approach combines fintech speed with the reliability of established financial institutions.

 

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