Hatten Land Q3 net loss widens to RM37.2 million

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Some $52 billion of venture capital has been invested in South East Asia region in the last 10 years. In 2020, the total investment is likely to be $13 billion. Yet, Southeast Asia still has the lowest proportion of venture capital dollars invested per consumer compared with China and India. For every $100 invested per Southeast Asia consumer, India is seeing investment of approximately 1.7x and China almost 6x, suggesting that the region is still in the early stages of accelerating investment in technology.

More than 2,000 startups have been funded by venture capital in Southeast Asia in the last five years. During the first half of 2020, Southeast Asian tech startups attracted $5.5 billion, only 13% down on the first half of 2021 &ndash despite lockdowns due to the COVID-19 pandemic. 

Under this collaboration, both ECXX and UOB Kay Hian will facilitate tokenisation projects of deep-tech start-ups and tap on UOB Kay Hian&rsquo s extensive network and customer base to market and distribute tokens to potential investors. Both companies will comply with regulations for token issuance and they will provide investor education and analysis on tokenisation and tokens investment.

The tokenisation of assets refers to the process of issuing a blockchain token (specifically, a security token) that digitally represents a share in the ownership of a start-up, in many ways similar to the traditional process of securitization. 

These security tokens can then be traded on a blockchain based securities exchange platform developed by ECXX.

Backed by the UOB Group, UOB Kay Hian is one of Asia&rsquo s largest brokerage firms. Headquartered in Singapore, UOB Kay Hian are the largest domestic broker based on the number of registered trading representatives employed. UOB Kay Hian is supported by more than 80 branches worldwide including a growing network of offices across Southeast Asia, Greater China, the United Kingdom and North America.