Alta accelerates growth with new partnerships in Hong Kong & Singapore and secures MAS license for capital market custodial services | The Asian Banker
Sunday, 3 March 2024

Alta accelerates growth with new partnerships in Hong Kong & Singapore and secures MAS license for capital market custodial services

5 min read

SINGAPORE, 31 OCTOBER 2023 – After seeing robust growth in 2023, Alta, Southeast Asia’s largest digital marketplace for alternative assets, announces its partnership with Singapore-based investment bank Evolve Capital and expands its platform to Hong Kong by partnering multi-family office platforms Rockpool Capital and Cachet Group and a leading securities brokerage Quam Securities.

The firms’ investor communities will join Alta’s ever growing investor network around the world. Through the partnership, the new member firms will be able to list opportunities while also giving their investors direct access to Alta’s platform with its growing inventory of globally-sourced alternative investment opportunities on the platform. This includes providing direct access to global private companies, global private equity credit funds and real assets of rare whisky and wines.

With these new partnerships, Alta brings its total number of member firms to nine, which include existing partners such as Singapore-based broker Phillip Securities, corporate finance firm PrimePartners and investment platform Kilde. The partnership with Rockpool Capital, Cachet Group and Quam Securities also marks Alta’s expansion of its investor network and investment opportunities to firms from overseas.

“Investor interest in alternatives has significantly increased as many investors look to increase allocations that provide a hedge against the challenging markets. According to a report by Sia Partners, alternative investment firms AUM will increase globally from $10.8 trillion from 2020 to $17.2 trillion by 2025, and we are expecting much of that growth to come from Asia,” said Willie Chang, Chief Operating Officer, Alta.

“We are extremely excited to have Evolve Capital, Rockpool Capital, Cachet Group and Quam Securities on board as partners and extend our innovatively curated alternative investment opportunities to them, enabling enhanced accessibility to alternatives to a wider investor network. Our successful partnerships reaffirm our commitment and ability to help investors consider a range of alternative investment opportunities as a means of increasing returns and mitigating macro risks,” added Willie

Investors in Asia Pacific (APAC) have shown high optimism in regional private equity and are looking towards alternative investments amid the inflationary backdrop. The volatility in the macro environment will also likely drive more investors to evaluate alternative investments for the first time. In addition, family offices now view alternatives as a viable investment due to their uncorrelated returns with public markets and are allocating an average of 37% to alternatives, according to UBS insights, marking an unprecedented shift in portfolio strategy.

"We believe alternative investments are the way forward for enhanced portfolio diversification, and our partnership with Alta marks an important milestone in this direction. This partnership not only expands our global partner network for future growth but also enables us to embrace new business opportunities and widen our spectrum of investment banking services offered to growth enterprises through facilitating access to securitised and tokenized solutions at smaller, fractionalised blocks to enhance liquidity and raise capital", said Jerry Chua, CEO and Managing Partner of Evolve Capital, commenting on the partnership.

“At Rockpool Capital, we have seen a growing interest in alternatives among our investors and we believe that this demand will continue to grow in the coming years. Our collaboration with Alta represents a significant milestone in this strategic direction. This partnership not only expands our global partner network, setting the stage for future growth, but also positions us to seize new opportunities as investor sentiment and perspectives are shifting,” shared Mike Tung, Managing Partner of Rockpool Capital

Most recently, AltaX, Alta’s exchange arm, was granted approval from the Monetary Authority of Singapore (MAS) for a Capital Markets Services (CMS) custodial license. This allows AltaX to safeguard and hold assets, including securities, funds and other financial instruments, on behalf of their customers. This also includes custody of digital assets like blockchain-powered security tokens. With this, Alta will be able to ensure the safe-keeping of digital and non-digital assets, providing assurance, security and efficiency to its investors and issuers.

Alta Exchange lists a growing number of tokenised real-world assets on its digital securities exchange. Recently it listed security tokens backed by Discord shares on the exchange, pioneering the use of security tokenization to power real-time and efficient trading in private markets. Alta Exchange continues to provide investors access to a wide range of curated alternative assets including opportunities in global private companies like SpaceX, Stripe and Global Private Credit funds through Hamilton Lane.

Re-disseminated by The Asian Banker

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