MoneyMax Debuts Series 008 Security Tokens

MoneyMax Financial Services Ltd. (SG:5WJ) has released an update.

MoneyMax Financial Services Ltd. has announced the launch of its Series 008 Digital Security Tokens, with an expected raise of S$15 to S$20 million through the ADDX Exchange. These tokens are part of the company’s S$100 million unsecured commercial paper program and offer a 5.25% annual interest rate, maturing after three months. The offering is targeted at accredited and institutional investors, following their prior announcement on January 9, 2023.

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