MoneyMax Financial Services (SGX:5WJ) launched three new digital security tokens under its SG$100 million unsecured commercial paper program, according to a Friday filing on the Singapore Exchange.
The Series 011, 012, and 013 tokens will offer interest rates between 4.65% and 4.80% and mature in three, six, and 12 months, respectively.
The issuance is expected to raise between SG$58 million and SG$80 million and will be listed on the ADDX security token trading platform.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.