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Raffles Financial Group ( (TSE:RICH) ) has issued an announcement.
Raffles Financial Group Ltd has announced a strategic partnership with CICADA Finance to launch the Raffles Reserve Treasury (RRT), a digital asset aimed at integrating high-growth cryptocurrencies into trade finance credit facilities for IPO-ready firms. This collaboration bridges traditional corporate finance and decentralized finance, creating a tokenized trade finance model that leverages both companies’ expertise. The RRT will serve as a core value carrier, offering governance participation and economic incentives, and will be issued through a Singapore-incorporated special purpose vehicle. This initiative is expected to unlock demand for crypto assets and provide robust financial products, benefiting IPO-ready clients and investors with scalable capital and pre-IPO share purchase opportunities.
More about Raffles Financial Group
Raffles Financial Group Ltd is a diversified financial services company listed on the Canadian Securities Exchange. Headquartered in Singapore, the company provides corporate finance advisory, IPO facilitation, and investment services to high-growth companies seeking access to international capital markets. Raffles Financial specializes in structuring innovative financing solutions, helping clients achieve successful listings and capital expansion, particularly across North America and Asia.
Technical Sentiment Signal: Sell
Current Market Cap: C$142.7M
For a thorough assessment of RICH stock, go to TipRanks’ Stock Analysis page.