Singapore, June 21, 2024 - MIO3 | Real Asset Tokenization and Hydra X (parent company of Agora X (AGX)), leading companies in the tokenization of real assets and blockchain platforms, have entered into a Collaboration Agreement in Singapore, the first of its kind between regulated providers from both countries in the field of digital assets. This Agreement will enable both companies to cross-list and facilitate the exchange of funding and liquid capital for tokenized assets for their clients in both countries, thus facilitating the flow of capital between El Salvador and Singapore.
The signing of the Agreement was attended by Julio Valdés, CEO of MIO3; Felipe Nuila, CTO of MIO3; and Mark Tang, Vice President of AGX, and Ng Wee Hao, COO of Hydra X. Both companies operate under a robust legal framework, ensuring security and transparency in their transactions. The strict regulations that both companies comply with bring trust to the operations they perform in the digital assets market. The multidisciplinary teams of MIO3, Hydra X and AGX, with years of recognized experience in their markets, guarantee the ability to integrate the blockchain world with real world asset transactions to structure and offer tokenized products to the market as respected leaders in their respective countries.
COO of Hydra X, Ng Wee Hao, and CEO of MIO3, Julio Valdés, sign the Collaboration Agreement between MIO3 and Hydra X.
"We are excited to establish this partnership with Hydra X and AGX as we continue to expand to new markets for the benefit of our clients. This Agreement brings the Asian market within our clients’ reach and keeps El Salvador at the forefront of tokenization of real world assets." commented Julio Valdés, CEO of MIO3.
“Singapore and El Salvador are at opposite ends of the world, and yet by embracing new technologies, we are closer than ever. This is the first of many cross-border listing partnerships in the pipeline, and we are eager to explore new opportunities for joint growth," added Mark Tang, Vice President of AGX.
Hydra X and MIO3 exchange gifts symbolizing El Salvador's national bird, the Torogoz, and Singapore's mascot, the Merlion.
This Agreement opens the door to connect capital and investments reciprocally between Singapore and El Salvador for the benefit of the clients of MIO3, Hydra X and AGX. The existence of a formal and regulated digital assets sector in both countries, provides a unique opportunity to connect the flow of capital between them and their respective regions. This joint effort between MIO3, Hydra X and AGX positions El Salvador and Singapore as gateways for investments in their respective regions, thus dynamizing access to liquidity and economic development. Singapore’s regulatory framework is internationally renowned for being robust and industry-leading in digital assets, instilling global investor confidence. As for El Salvador, its digital asset law is a first of its kind in the region bringing legal certainty to digital asset transactions.
From left to right: VP of Growth at Hydra X, Daren Goh; VP of Product at AGX, Mark Tang; COO of Hydra X, Ng Wee Hao; CEO of MIO3, Julio Valdés; CTO of MIO3, Felipe Nuila; Financial Manager of MIO3, Sergio Quiñonez.
With this Agreement, an increase in the volume and efficiency in the exchange of capital between these regions is expected. MIO3, Hydra X and AGX’s blockchain technology platforms will enable faster and more economical transactions, thus eliminating previously existing barriers between the markets.
About MIO3
MIO3 is an innovative blockchain platform offering tokenization services, primarily focusing on real world assets. We aim to attract financial investments and lead the revolution in digital asset trading. Our goal is to empower individuals to take control of their financial futures by making cutting-edge technology accessible, enabling participation in previously unreachable capital and investment opportunities. MIO3 stands as a bridge between traditional finance and the future of asset management and investment.
Licensed and regulated by the Digital Assets National Commission of El Salvador, MIO3 holds a Digital Assets Service Provider (DASP) license under the Digital Assets Issuance Law of El Salvador. MIO3 has achieved successful closings of tokenized projects in El Salvador, leading tokenization in the country and in the region.
For more information, visit our website or LinkedIn
About AGX
AGX is a leading Asia-first digital exchange, operated by LabyrinthX Technologies Pte. Ltd. (a subsidiary of Hydra X), that leverages blockchain technology to transform private market investments. The platform offers swift trading and settlement, enhancing liquidity and efficiency. It provides Corporate Accredited and Institutional Investors with access to alternative assets, private equity, and debt.
Licensed by the Monetary Authority of Singapore, AGX holds a Recognised Market Operator (RMO) license under the Securities and Futures Act.
For more information, visit our website, LinkedIn, or Instagram.
About Hydra X
Hydra X Pte. Ltd. is a regulatory-compliant, integrated platform enabling access to the tokenised financial ecosystem. It provides end-to-end infrastructure for the trading of tokenised assets, enabling businesses and institutional clients to adopt and scale within the digital capital markets. Headed by founding CEO Daryl Low, Hydra X's management team has more than 60 years of experience in finance, financial regulation, law and technology.
For more information, visit our website, LinkedIn, or Instagram.