Singapore-Based Digital Marketplace Alta Acquires Hg Exchange

The digital securities exchange uses blockchain technology to make it easer to put money into alternative investments.

AccessTimeIconOct 31, 2022 at 1:38 p.m. UTC
Updated May 9, 2023 at 4:01 a.m. UTC

Singapore-based digital marketplace Alta has acquired digital securities exchange Hg Exchange, or HGX.

Financial terms weren't disclosed. HGX will become a subsidiary of Alta and be renamed Alta Exchange.

Alta lists Phillip Securities, Nomura Holdings, Integra Partners and Prime Partners as shareholders, according to an emailed statement.

HGX is a digital securities exchange that uses blockchain technology to make it easier to invest in real estate, private equity and other alternative investment classes.

Alta's aim with the acquisition is to offer tokenization and digital custody of alternative assets. Formerly known as Fundnel, Alta rebranded itself with the goal of offering alternative assets to a broader group of investors through a digital marketplace.

The firm said it has generated over $600 million in transactions and created access to more than $22 billion worth of deals for its investors.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.